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Your thinking doh matterHabit7 wrote:I think there should have been formal dialogue before there was stonewalling and lawsuits. But here we are and those lawsuits won’t be resolved until probably after next elections anyways.
pugboy wrote:gangaloo getting chance to flex now
Don't forget the Parkinson's meds.bluefete wrote:pugboy wrote:gangaloo getting chance to flex now
They seem to be looking to dismantle another independent body.
What if she had gone to Martin Daly in the first place instead of && and not have the perception of running by a UNC lawyer. In the end it's the taxpayers who foot the bill and the yellow lawyers smiling in the cocktail parties.pugboy wrote:full dictatorship
wing wrote:What if she had gone to Martin Daly in the first place instead of && and not have the perception of running by a UNC lawyer. In the end it's the taxpayers who foot the bill and the yellow lawyers smiling in the cocktail parties.pugboy wrote:full dictatorship
The response to this letter is "noted".bluefete wrote:The Imps Strikes Back:
Dat doh matterwing wrote:Report from UWI economist, Prof Roger Hosein:
T&T is worse-performing regional economy
University of the West Indies economist, Professor Roger Hosein is convinced that T&T can learn from Guyana’s exceptional economic growth performance.
While Guyana’s average annual real gross domestic product (GDP) growth was 18 per cent between 2015 to 2022, during that same period, T&T’s annual average real GDP growth was -2.7 per cent, the worst performing in the region.
Guyana’s economy is also projected to be the world’s fastest growing economy between the years 2025 to 2029.
An academic report authored by Hosein and economist Dr Rebecca Gookool-Bosland and released in early May highlighted this data and provides a brief overview of the Caribbean economies’ growth performance.
Hosein informed the Business Guardian that all data used in the report is from the International Monetary Fund (IMF).
The report covers data on growth from 2015-2023 and 2024-2029, where possible. It covers both tourism and non-tourism dependent Caribbean economies.
It investigates the impact of the COVID-19 growth shock and the reaction by Caribbean countries to this shock. It looks at the output gap in these Caribbean countries for the period 2021-2024 and it also look at the medium-term growth prospects for the period 2024-2026.
It also reviews the rapid economic boom in Guyana and makes a few comments about its stability.
Report Ad
He told the Business Guardian what T&T’s Government can do if it is to imitate Guyana’s successes.
“T&T has to increase its drilling in oil and gas so that the economy can benefit not only from the price surges but also from production increases as well. I am hopeful that the T&T Government would push for about three eTecK parks within the next three years. I am hopeful that they would look for investors because the eTecK Park in Point Lisas only has one investor as far as I am aware. I also think that the formation of the Special Economic Zones will help with the economic diversification process.”
Drawing an analogy between the game of cricket and the region’s economic performance, the report says that in the past, in the true tradition of Michael Holding, Malcolm Marshall, Andy Roberts and Curtly Ambrose, the Caricom sphere had “pace like fire.”
“In the tradition of fast bowling from that era, the Guyanese economy is expected to be the world’s fastest growing economy from 2024 to 2029 using data from the IMF, April 2024, online database.”
The report states that the rapid pace of this growth is fuelled by the extensive revenues generated from its production of hydrocarbons. In 2020, Guyana was ranked number one, in 2021 number one, in 2022 number two and in 2023 number one fastest growing economy in the world. So fast is Guyana’s actual and projected growth between 2015 and 2029, that by the end of 2029, it is expected to be 12 times larger than in 2015.
Report Ad
The report also referred to data which shows that as of March 2024, Guyana’s reserves are said to be estimated at around 11 billion barrels with production expected to be about 1.2 million barrels per day by 2027.
Some reports estimate that Guyana will generate some US$2.1billion and US$320 million from royalties in 2024 and these will likely rise in the medium term as exploration and production continues.
Tourism
The report explains that tourism as a service export is of tremendous importance to the region given that this sector is one of the main avenues for earning foreign exchange for many Caribbean economies. It paints an optimistic picture of the future of the industry..
“The global tourism economy is improving and basically as at the end of 2023 this sector was closer to 2019 levels of tourism arrival activity, as compared to 2021. Specifically note that in 2021 international tourism arrival traffic was 69 per cent less than in 2019 but by 2023 this was down to a mere 12 per cent.”
Report Ad
The economic analysis also states that 2024 is a critical year for the global tourism industry, as it marks a complete revival from the COVID-19 shock.
“This global trend for the tourism industry augers well for the region which is one of the traditional “sun sea and sand” hubs for vacationers from across the world. It is important though for regional policymakers to be aware of the changing demographic of the modern vacationer and type of tourism product that is most appealing and reorient where necessary the regional tourism product.”
Medium-term outlook
The report also states that using IMF data (or data from other country reports for these various economies), the medium-term outlook shows moderate economic growth for most Caribbean countries.
“By 2026, Guyana is expected to grow 92.4 per cent more than in 2023. The other fast growing (above 10 per cent) Caribbean economies in this time period are Dominica (12.6 per cent), Grenada (11.2 per cent), St Kitts and Nevis (13.3 per cent), St Vincent (12.5 per cent) and Turks and Caicos (14.4 per cent).
Report Ad
“The growth performance of the OECS countries is heavily influenced by its largest productive sector, tourism, which has been recovering since the pandemic.
Further, given the spillovers which exist between these economies and more developed source markets in North America and Europe, the OECS region’s economic performance is therefore intricately linked to the economic cycles of its main tourism markets,” the report explained.
The three slowest growing Caribbean economies are expected to be Aruba (3.2 per cent), Haiti (-0.1 per cent) and Jamaica (5.2 per cent) between 2023 and 2026.
The UWI economic report concluded by stating that several service export-oriented Caricom countries are expected to see an increase in real GDP growth of more than 10 per cent between 2024 and 2026.
Turks and Caicos is expected to grow quickly by 14.4 per cent on account of a massive inflow of Foreign Direct Investment (FDI) and immigrant workers.
Report Ad
Antigua’s growth is driven by its tourism sector and its construction sector activity.
Dominica has been experiencing strong growth in recent times and this is expected to hold in the medium term on the back of improvements in tourism, agriculture and its public sector investment programme.
It also says that Grenada’s growth is largely based on improvements in its tourism sector and its Citizenship by Investment (CBI) programme. St Kitts and Nevis continues to grow with growth driven by a rebound of tourism numbers, housing and public infrastructure spending and investments in renewable energy.
The CBI programme has also been performing well. The renewable energy drive is promoted by the Sustainable Island State Agenda.
The report states that Guyana’s economy has surged since 2019 with oil extraction, tripling in size and achieving the world’s highest real GDP growth at 62.3 percent in 2022.
“Alongside this rapid expansion, there are some signs of inflation, compounded by government investments targeted to addressing the country’s structural developmental needs.
“Continued growth is expected with expanding oil production and sustained investment in human capital, infrastructure, and energy cost reduction.”
Offering some solutions as well.
wing wrote:Report from UWI economist, Prof Roger Hosein:
T&T is worse-performing regional economy
University of the West Indies economist, Professor Roger Hosein is convinced that T&T can learn from Guyana’s exceptional economic growth performance.
While Guyana’s average annual real gross domestic product (GDP) growth was 18 per cent between 2015 to 2022, during that same period, T&T’s annual average real GDP growth was -2.7 per cent, the worst performing in the region.
Guyana’s economy is also projected to be the world’s fastest growing economy between the years 2025 to 2029.
An academic report authored by Hosein and economist Dr Rebecca Gookool-Bosland and released in early May highlighted this data and provides a brief overview of the Caribbean economies’ growth performance.
Hosein informed the Business Guardian that all data used in the report is from the International Monetary Fund (IMF).
The report covers data on growth from 2015-2023 and 2024-2029, where possible. It covers both tourism and non-tourism dependent Caribbean economies.
It investigates the impact of the COVID-19 growth shock and the reaction by Caribbean countries to this shock. It looks at the output gap in these Caribbean countries for the period 2021-2024 and it also look at the medium-term growth prospects for the period 2024-2026.
It also reviews the rapid economic boom in Guyana and makes a few comments about its stability.
Report Ad
He told the Business Guardian what T&T’s Government can do if it is to imitate Guyana’s successes.
“T&T has to increase its drilling in oil and gas so that the economy can benefit not only from the price surges but also from production increases as well. I am hopeful that the T&T Government would push for about three eTecK parks within the next three years. I am hopeful that they would look for investors because the eTecK Park in Point Lisas only has one investor as far as I am aware. I also think that the formation of the Special Economic Zones will help with the economic diversification process.”
Drawing an analogy between the game of cricket and the region’s economic performance, the report says that in the past, in the true tradition of Michael Holding, Malcolm Marshall, Andy Roberts and Curtly Ambrose, the Caricom sphere had “pace like fire.”
“In the tradition of fast bowling from that era, the Guyanese economy is expected to be the world’s fastest growing economy from 2024 to 2029 using data from the IMF, April 2024, online database.”
The report states that the rapid pace of this growth is fuelled by the extensive revenues generated from its production of hydrocarbons. In 2020, Guyana was ranked number one, in 2021 number one, in 2022 number two and in 2023 number one fastest growing economy in the world. So fast is Guyana’s actual and projected growth between 2015 and 2029, that by the end of 2029, it is expected to be 12 times larger than in 2015.
Report Ad
The report also referred to data which shows that as of March 2024, Guyana’s reserves are said to be estimated at around 11 billion barrels with production expected to be about 1.2 million barrels per day by 2027.
Some reports estimate that Guyana will generate some US$2.1billion and US$320 million from royalties in 2024 and these will likely rise in the medium term as exploration and production continues.
Tourism
The report explains that tourism as a service export is of tremendous importance to the region given that this sector is one of the main avenues for earning foreign exchange for many Caribbean economies. It paints an optimistic picture of the future of the industry..
“The global tourism economy is improving and basically as at the end of 2023 this sector was closer to 2019 levels of tourism arrival activity, as compared to 2021. Specifically note that in 2021 international tourism arrival traffic was 69 per cent less than in 2019 but by 2023 this was down to a mere 12 per cent.”
Report Ad
The economic analysis also states that 2024 is a critical year for the global tourism industry, as it marks a complete revival from the COVID-19 shock.
“This global trend for the tourism industry augers well for the region which is one of the traditional “sun sea and sand” hubs for vacationers from across the world. It is important though for regional policymakers to be aware of the changing demographic of the modern vacationer and type of tourism product that is most appealing and reorient where necessary the regional tourism product.”
Medium-term outlook
The report also states that using IMF data (or data from other country reports for these various economies), the medium-term outlook shows moderate economic growth for most Caribbean countries.
“By 2026, Guyana is expected to grow 92.4 per cent more than in 2023. The other fast growing (above 10 per cent) Caribbean economies in this time period are Dominica (12.6 per cent), Grenada (11.2 per cent), St Kitts and Nevis (13.3 per cent), St Vincent (12.5 per cent) and Turks and Caicos (14.4 per cent).
Report Ad
“The growth performance of the OECS countries is heavily influenced by its largest productive sector, tourism, which has been recovering since the pandemic.
Further, given the spillovers which exist between these economies and more developed source markets in North America and Europe, the OECS region’s economic performance is therefore intricately linked to the economic cycles of its main tourism markets,” the report explained.
The three slowest growing Caribbean economies are expected to be Aruba (3.2 per cent), Haiti (-0.1 per cent) and Jamaica (5.2 per cent) between 2023 and 2026.
The UWI economic report concluded by stating that several service export-oriented Caricom countries are expected to see an increase in real GDP growth of more than 10 per cent between 2024 and 2026.
Turks and Caicos is expected to grow quickly by 14.4 per cent on account of a massive inflow of Foreign Direct Investment (FDI) and immigrant workers.
Report Ad
Antigua’s growth is driven by its tourism sector and its construction sector activity.
Dominica has been experiencing strong growth in recent times and this is expected to hold in the medium term on the back of improvements in tourism, agriculture and its public sector investment programme.
It also says that Grenada’s growth is largely based on improvements in its tourism sector and its Citizenship by Investment (CBI) programme. St Kitts and Nevis continues to grow with growth driven by a rebound of tourism numbers, housing and public infrastructure spending and investments in renewable energy.
The CBI programme has also been performing well. The renewable energy drive is promoted by the Sustainable Island State Agenda.
The report states that Guyana’s economy has surged since 2019 with oil extraction, tripling in size and achieving the world’s highest real GDP growth at 62.3 percent in 2022.
“Alongside this rapid expansion, there are some signs of inflation, compounded by government investments targeted to addressing the country’s structural developmental needs.
“Continued growth is expected with expanding oil production and sustained investment in human capital, infrastructure, and energy cost reduction.”
Offering some solutions as well.
Easy, go Guyana with your kind.shake d livin wake d dead wrote:Allyuh study Guyana and doh study how a brand new hospital open in Grande and half the equipment not working because they were bought in an auction....
Defend it deh
wing wrote:Easy, go Guyana with your kind.shake d livin wake d dead wrote:Allyuh study Guyana and doh study how a brand new hospital open in Grande and half the equipment not working because they were bought in an auction....
Defend it deh
I see zr cleaned the latrine and you came back. Which Facebook comment you copying from besides kick out the PNM.daxt0r wrote:wing wrote:Easy, go Guyana with your kind.shake d livin wake d dead wrote:Allyuh study Guyana and doh study how a brand new hospital open in Grande and half the equipment not working because they were bought in an auction....
Defend it deh
ofc that's your response cause can't dare to hold a PNM like yourself accountable for misuse of public funds spent much easier to say just go Guyana/Canada/US when confronted with facts. Don't blame you, yuh inherit it from tollum head, heinz et al who refuse to be blamed for anything yet in charge, follow yuh dunce leaders yuh fitting in nice nice.
pugboy wrote:sweden have crime too
doh beat up
So is like the penal fire station?shake d livin wake d dead wrote:Allyuh study Guyana and doh study how a brand new hospital open in Grande and half the equipment not working because they were bought in an auction....
Defend it deh
daxt0r wrote:wing wrote:Easy, go Guyana with your kind.shake d livin wake d dead wrote:Allyuh study Guyana and doh study how a brand new hospital open in Grande and half the equipment not working because they were bought in an auction....
Defend it deh
ofc that's your response cause can't dare to hold a PNM like yourself accountable for misuse of public funds spent much easier to say just go Guyana/Canada/US when confronted with facts. Don't blame you, yuh inherit it from tollum head, heinz et al who refuse to be blamed for anything yet in charge, follow yuh dunce leaders yuh fitting in nice nice.
bluefete wrote:pugboy wrote:sweden have crime too
doh beat up
What you have with Sweden so?
Olof Palme hurting you still or what?
The only people that are racist towards African people are the PNMCB Style wrote:daxt0r wrote:wing wrote:Easy, go Guyana with your kind.shake d livin wake d dead wrote:Allyuh study Guyana and doh study how a brand new hospital open in Grande and half the equipment not working because they were bought in an auction....
Defend it deh
ofc that's your response cause can't dare to hold a PNM like yourself accountable for misuse of public funds spent much easier to say just go Guyana/Canada/US when confronted with facts. Don't blame you, yuh inherit it from tollum head, heinz et al who refuse to be blamed for anything yet in charge, follow yuh dunce leaders yuh fitting in nice nice.
In other countries when people say that to the blacks, they are consider racist, but here the blacks love to tell others this when they oppose their beloved government. But remember, Dem is never racist.
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