Economic growth dips to lowest in decades

GUYANA- Guyana‘s economic downturn has been revised negatively for some time now by pundits and experts alike but for the first time in a number of years the country’s economic growth rate has been set at below one per cent. At least this is according to the latest revised figures. The Ministry of Finance released the figures for the first half of this year and according to the statistics revealed, “at the time of preparation of Budget 2015, preliminary estimates indicated half year growth rate of 0.9 percent.” According to the Finance Minister Winston Jordan, “with the passage of time and the benefit of actual first half performance in a number of sectors real GDP (Gross Domestic Product) recorded growth of 0.7 per cent in the first half of 2015.” (KAIETEUR NEWS/photo: stabroeknews.com)…[+]