Unbalanced Growth: Guyana’s Manufacturing and Agriculture Sectors Declined by 10 Percent Each, Despite Economic Growth of 3.3 Percent in 2016
The significant decline in manufacturing and agriculture output and the slowdown in services sector activities indicate a major shift from stable growth to more high-risk growth in the economy. Despite a positive overall growth, output in the manufacturing and agriculture sectors dropped by 10 percent each. The government should adopt policies to restore consumer confidence and thus private consumption spending, and attract new investments to boost growth.