2019苏州站街在哪里啊?

Guyana’s growth rate plummets to 2.1%

Posted on

first_imgFirst quarter financial report…as economy struggles to rebound from recessionary modeBy Samuel SukhnandanThere is no positive indication that Guyana has so far managed to manoeuvre its way out of the economic slow lane it has been stuck in for the past three years, as the country’s finances are expected to reflect a minimal Gross Domestic Product (GDP) growth rate of approximately 2.1 per cent.Initially, Government had projected that Guyana’s economy would have grown by a 3.8 per cent growth rate for 2017. This projection was reduced to 3.1 per cent and then again to 2.9 per cent.According to the Finance Ministry’s Mid-Year Report for 2017, economic growth in the first half of 2017 rose to some 2.2 per cent, compared to 2.0 per cent in the first half of 2016.Guyana’s last best growth rate was 5.2 per cent in 2013. But since then, it never surpassed that figure. World Bank records show growth rates in 2014 was 3.8 per cent, 2015 at 3.2 per cent, and 2016 at 3.3 per cent.This is a clear indication that there has been a massive decline in economic growth ever since the new Government assumed office. But the worst of it is 2017, and that is because of certain policy decisions.A senior source at the Finance Ministry indicated to this newspaper that tabulation of the GDP growth rate for 2017 has been finalised and would be presented to the public soon.This was confirmed by Public Relations Officer of the Finance Ministry, Wanita Huburn, who told <<<>>> that the growth rate for 2017, among other economic and financial indicators, has indeed been finalised and will be presented in short time.Huburn indicated that this presentation will come in the form of the End of Year Outcome statement, which will be laid in Parliament on April 26.But the a growth rate between 2.1 per and 2.4 per cent is nothing to boast about, according to the source, who highlighted that Guyana has seen a marked decreased in its growth rate, which continues to drop even further.“Ideal growth for Guyana, a developing country, is six per cent. Anything six and above would be putting Guyana on the right path for advancement to develop status in the medium-term,” he explained.The source said the growth rate now explains why many Guyanese will start to feel like they are having less money in their pockets. He observed that a five-year decline in the growth rate does not auger well for the current Government and shows the weak performance to manage the economy in a responsible and efficient manner.Public policy action“This calls for amended public policy action. The first thing they need to do is understand what stimulates the economy, which is investment in the productive sector and other investments, exports, bringing back confidence in the consumers, and having a stable spending and execution of capital projects,” he said.According to the source, the main contributing factor for this minimal growth rate is ultimately sugar because it is fundamentally important ‘growth tissue’ for the country. “It is one of the main productive sectors and it’s the six sisters the President David Granger talks about,” he added.While there is hope that this could turn around for the next few years, the source noted that it may be highly impossible to do so, especially given the fact that sugar’s contribution has decreased.The source is of the opinion that until monies from the oil sector starts to trickle in, only then will Guyana be able to record greater economic growth. But until then, due to the massive downsizing of sugar and the weak performance of other sectors, achieving a higher growth rate is far from reality.Opposition Leader and former President Bharrat Jagdeo has repeatedly criticised Government for what he described as their lack of vision to present a substantial economic policy. Jagdeo, an economist, has also warned Government against borrowing large loans which could put Guyana in greater debt.last_img read more

Corinthians insist they are not interested in Chelsea outcast

Posted on

first_imgPiazon has been limited to action for Chelsea’s Under-23 side so far this term and a January departure has been mooted.It had been reported that Corinthians were keen on luring the Sao Paulo-born winger back to his home city when the transfer window opens.But now, according to Brazilian outlet Globo Esporte, the club’s president Andres Sanchez has denied that is the case.Sanchez has recently been in Europe and was photographed alongside Piazon’s agent Kia Joorabchian which only added fuel to the rumours. Latest Chelsea News shining gameday cracker Green reveals how he confronted Sarri after Chelsea’s 6-0 defeat at Man City Where Ancelotti ranks with every Premier League boss for trophies won JIBE Chelsea outcast Lucas Piazon is not a target for Corinthians, the Brazilian club’s president has insisted.The 24-year-old has failed to make the grade at Stamford Bridge since arriving in 2012 and has spent time on loan at five different clubs in search if regular first-team football. Which teams do the best on Boxing Day in the Premier League era? However, during what has been described as an ‘informal chat’ with the Brazilian press, Sanchez categorically denied any interest in Piazon.The former Fulham and Reading loanee is out of contract in the summer. Premier League Team of the Season so far, including Liverpool and Leicester stars tense punished REVEALED center_img REAL DEAL Piazon featured for Chelsea in pre-season, but has not made it into Maurizio Sarri’s first team REVEALED OFF Tottenham issue immediate ban to supporter who threw cup at Kepa Real Madrid ‘offer’ Isco to Chelsea in bid to ‘make room’ for Tottenham star Lampard appears to aim dig at Mourinho for handling of Salah and De Bruyne at Chelsea 1 Where every Premier League club needs to strengthen in January Boxing Day fixtures: All nine Premier League games live on talkSPORT Redknapp calls Son ‘petulant’, but Holloway says red card for Rudiger kick was ‘soft’ targets last_img read more