Revolting news
In its mid-year report, the government disclosed that the Guyana economy grew by 3.2 per cent. Almost all the sectors made highly favourable contributions to the economic situation. Only the high-profile gold industry did not contribute as much as it did in previous periods. That outcome was because production was down 17 per cent and export earnings from the precious metal had taken an even bigger hit of 25 per cent. Overall, the economy is expected to grow by 4.5 per cent by year’s end, thus maintaining an unbroken streak of upward movement in the production and earnings of the country. Undoubtedly, the news on the economy was intended to make Guyanese households and investors alike feel good about themselves knowing that their consumption and investment spending was helping the economy to expand.
