Business Review

Inconspicuous International trade is very important to the growth of the world economy accounting for about 60 per cent of world gross domestic product (GDP). 

Global trade The Guyana economy grew an average of 4.5 per cent over the period 2010 to 2013. 

Broadening production Guyana has long sought to diversify its economy.  Economic diversification refers to broadening the production structure of the country. 

An alarm has been raised about the availability of foreign currency in Guyana within the last three or so months. 

Complexity of industry In an effort to gain a better understanding of how the oil industry works, we started examining its structure last week, using some of the methods that oil industry operators and analysts use. 

Bugbear Guyanese have read and heard about oil discoveries and production that have taken place in various parts of the world. 

Noticeable pleasure Some 17 years ago, ExxonMobil and Guyana signed an agreement for the former to explore for oil in the territorial waters of Guyana. 

Much experience Sterling Products Limited (SPL) is a manufacturing company that produces a variety of products, including ice cream, margarine and laundry products.

(Conclusion) Rice Last week’s article discussed the things necessary to achieve stability and durability in the national economy. 

Focus and attention The national economy is usually divided up into four sectors, namely, agriculture, mining, manufacturing and services.

(Conclusion) Continued attention and support In last week’s article, I indicated the reason that low-income workers appeared unenthusiastic about the relief that the 2017 budget has brought them. 

The reality One could see from the data presented in last week’s article that the intention of the government is clear. 

Financial plan On November 28, the Minister of Finance presented the budget for the year 2017 for the consumption of the people of Guyana. 

Capital assets In less than one week, trading in the Guyana Stock Market will enter the final month of the year. 

Curiosity Prior to the appointment of members of the Public Pro-curement Commission (PPC)  this year, the question that comes to mind is what was the responsibility of Cabinet in the award of contracts over $15 million? 

]Stiff penalties A few months ago, a few persons, expressed an interest in cultivating industrial hemp as part of the economic production of Guyana. 

Broad categories The profile of the Guyanese consumer can be determined by the amount of money that they spend and the things that they spend it on. 

Most important drivers Guyanese households spend the most money in the economy with the result that their spending contributes the most to the gross domestic output (GDP) each year. 

Globalization Last week, we discussed a few of the stories hidden in the Balance of Payments. 

Summary information In the Annual Report of the Bank of Guyana, readers can find a series of tables, one of which is entitled ‘Balance of Payments’.