Feeling the pinch – businesses and consumers alike

By Peter R Ramsaroop

Introduction
I have travelled to many countries over the last month and had the opportunity to read many different newspapers.  In every one of them, there is an article on the cost of living and the local economy woes. It is no different here in Guyana. Cost of fuel this week hit an all time high of $US113 a barrel.

The effects will be felt on our local economy more than they already have.