Reply to "Prime Minister NAGAMOOTOO: AFC Must Protect Its Domain"

Former Member

Originally Posted by caribny:

Rev you do see a decline in growth rate, which reflects the reduced impact of gold prices.

carib:

* Absolutely! Take a look at the GDP growth rates back in 2011 when gold was around $1900---it was 5.4%; in 2014 Gold ranged between 1200 and 1400 and the estimated GDP growth rate in Guyana was 3.3%

BOTTOM LINE:

* THE NUMBERS DON'T LIE

* Guyana's Real GDP growth rates the past 9 years have been positive.

* The Rev will be keeping a close eye on the GDP growth rates under the PNC/AFC.

Rev

5/16/1510:36 PM

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