The economy was sluggish throughout the first of the year, according to Chairman of the Guyana Bank for Trade and Industry (GBTI) Robin Stoby.
He said this was despite the exceptionally early presentation of the budget in January this year. In his chairman’s report in yesterday’s Stabroek News to accompany the interim financial statements for the first half of the year, Stoby said the expectations and confidence that customarily flow from the fiscal policies of such a budget have not been manifested so far.
Stoby’s prognosis adds to numerous statements from members of the business community this year that the economy is in a slump and the government needs to take steps to stimulate growth.
