Reply to "IMF Report on Guyana April 2016"

Former Member

And the lay offs are the result of a commodity driven economy with minimal value added. Low gold prices mean that the small and mid sized producers are laying off. The large entities are capital intensive. This has ripple effects throughout the economy as consumer expenditures drop.

This is the natural consequences of our World War II economy. In fact there was already increased mortgage defaults starting from 2014, as gold prices declined.

9/12/163:17 PM

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