Latest update November 26th, 2024 1:00 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

51% of businesses not confident in Guyana’s economy

Dec 21, 2009 News

Out of a total of 59 business entities in Guyana, 51 per cent of them are not confident about Guyana’s economic prospects. This is according to the Guyana Business Outlook Survey for 2010, which was done by Ram and Mc Rae.
The survey targeted a total of 59 business establishments that have operations in all the ten regions of Guyana.
The surveyed group was asked to state how confident they were that the economy would improve in 2010.
They revealed that the confidence level has fallen significantly in recent years.
None of the respondents were confident that the economy would have improved in 2009.
It was noted that in the 2009 survey, 60 per cent were not confident about the economy, but this time around, 51 per cent of the respondents are also not confident in the economy for 2010.
The survey also indicated that the sector with the highest level of confidence was Mining and Exploration with those in oil exploration being very confident.
This was followed by Manufacturing and Distribution/Retail. Least levels of confidence were expressed by Consultancy and Professional Services, Information Technology and Financial Services.
According to the survey, exporters expressed slightly more confidence than non – exporters but expressed less confidence than manufacturers.
Meanwhile, 14 per cent of the respondents also revealed that the economic conditions will be more favourable for privately owned businesses in 2010, while 17 per cent think that it will be less favourable. Additionally, 69 per cent expect no change.

(Fareeza Haniff)

Similar Articles

The Glenn Lall Show | November, 20th, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Rutherford gets big payday from Gujarat Titans at IPL 2025 Mega Auction; Shepherd, Powell snapped up by RCB and KKR, respectively

Rutherford gets big payday from Gujarat Titans at IPL 2025 Mega...

Nov 26, 2024

  SportsMax – Guyanese hard-hitting left hander Sherfane Rutherford will get the opportunity to shine on T20 franchise cricket’s biggest stage once again after being picked up by the...
Read More
Roach and Seales star as West Indies close in on Antigua Test victory

Roach and Seales star as West Indies close in on...

Nov 26, 2024

Delroy Tyrrell continues to excel at Oneonta State University

Delroy Tyrrell continues to excel at Oneonta...

Nov 26, 2024

Ramdass Royals Crowned Champions of the Inaugural Windies Masters Cricket Extravaganza

Ramdass Royals Crowned Champions of the Inaugural...

Nov 26, 2024

KFC Guyana distance self from delayed payment of GFF Elite League prizes

KFC Guyana distance self from delayed payment of...

Nov 26, 2024

Ravens and Royals ready for epic Elite 16 final showdown

Ravens and Royals ready for epic Elite 16 final...

Nov 26, 2024

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]