…although economy grew by 4.5 %
Despite the economy growing by 4.5 per cent in the first half of 2018, the traditional sectors, such as sugar and rice, have seen decline in their performances, with contractions of 30.6 and 3.8 per cent respectively.
This was revealed in the Finance Ministry’s Mid-Year Report 2018, which was laid in Parliament on August 8, and which focuses on the state of the economy and performances of various sectors.
Finance Minister Winston Jordan admitted that the gold sector also suffered a decline of 9.1 per cent. This is equivalent to a decrease of 288,114 ounces in gold declaration. The report also revealed that this represented a 19.4 percent shortfall (below the original projection set by Government).
