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‘Economic growth not likely this year’
…crisis on its way– PPP predicts
The People’s Progressive Party (PPP) is predicting further economic decline or stagnation. The party thinks that this state of affairs will cause Guyana to end up in a financial crisis which will then lead to an economic crisis.
PPP General Secretary, Clement Rohee
PPP General Secretary, Clement Rohee, yesterday informed the media that the party’s Central Committee met on Saturday at Freedom House and discussed a range of matters.
Noting that the Central Committee is the second highest decision-making body of the Party after Congress, Rohee told the media that he presented the committee with a general report that covered issues affecting the party and Guyana at large.
He told the committee about the political, economic and social conditions in Guyana which, he said, are characterized by suffering rice farmers and workers in general. He also pointed to the “damage wreaked on the Amerindian Communities as a result of the vindictive, racial and political discriminatory policies” of the new government.
Rohee said that the Central Committee “was advised that all the talk about an anticipated three per cent growth of the economy this year is unlikely, but assuming it does, it will be growth without people-centered development.
“It will not be of a sustainable nature in height of the unwelcome attitude of the current administration towards foreign investment and public private sector partnerships.”
According to Rohee, the Central Committee agreed that there were no “discernible” measures taken by the new government to arrest the economic decline.
The General Secretary also said that the Central Committee was advised that there is likely to be an upsurge in the militancy of the working people and farming communities.
He said that this is likely to happen as a result of “Government’s attitude towards the Private Sector in the tourism and entertainment industries as well as to other production and services industries.”
Rohee said that the Central Committee concluded that a financial crisis is bound to occur. This crisis, he added, is likely to develop into an economic crisis “which will result in increased militancy and protests on the part of the workers, farmers in particular, in order to regain a stable livelihood for themselves and families.”
“The Central Committee reaffirmed its support to the Guyana Agricultural and General Workers Union (GAWU) and Guyana Rice Producers Association (GRPA) respectively in their struggles for better wages and better working conditions, for better prices and greater market access for products and rejected privatization and sale of the sugar industry,” said Rohee.
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