ECLAC cites hung Parliament in projections

The United Nations Economic Commission for Latin America and the Caribbean (UN-ECLAC) says growth in private sector credit is expected to be moderate as a result of the new parliamentary dispensation which it said may lead to uncertainty about government’s policy agenda.

The body also projects that the budget deficit in Guyana will widen because of higher capital spending and could be as high as 6 percent in 2012.

This was disclosed in a new report by