Barely moved
Despite a major decline in the amount by which gross national disposable income (GNDI) increased last year as revealed in the 2014 budget statistics, the government expects the economy to grow by 5.6 per cent this year. The Guyana economy depends heavily on consumer spending which accounts for about 70 per cent of the money spent in the economy as it does on export revenues and workers’ remittances. It is the first time in a long time that the gross national disposable income has barely moved, increasing in 2013 by US$44 million or a mere 1.4 per cent over 2012. This is a dramatic slowdown in the flow of money available for spending by the nation as a whole in comparison to previous years. The rate of increase from 2009 to 2013 averaged 8.56 per cent with the highest increase of 13.78 per cent
