As the country’s mid-year economic report is being prepared, preliminary data indicators show that the global COVID-19 pandemic has significantly impacted overall growth and further economic decline is projected, a source close to the process says.
“As we await the remainder of real sector data, projections are that the economy has further declined and the COVID-19 made matters worse,” the source told Stabroek News.
The current political impasse, including the failure to declare the results of the March 2 polls, has added to the economic stress and has led to this country operating on only a fraction of last year’s budget.
