In this week’s column I shall wrap up the discussion of the transmission channels through which the global crisis has been transmitted to Guyana. After that I shall provide a brief assessment of the present state of the global crisis, and following on this, indicate the core challenges that face the global economy at this stage.
Financial contagion channel
The ninth transmission channel has been financial contagion. Apart from the negative impact on our trade (exports and imports of goods and services) this has had the most damaging negative effects. As readers would
