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ECONOMIST SLAMS PNM FOR ECONOMIC CRISIS
CCNTV6
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8 months ago
One Economist is calling on the Former government to account for the current State of the country.
Professor Roger Hosein tells the Tv6 Morning Edition, he's very disappointed at the current State of affairs.
Nicole M Romany has more.
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00:00
We have one of the worst performance in the Caribbean on remittances.
00:04
Very little attention was put, although we knew that gas production was going on.
00:09
Somebody should have to answer to that.
00:11
Our tourism inflows is 14% lower today than it was in 2019, if I remember the numbers correctly.
00:20
Somebody should have to answer to that.
00:22
He tells us the homicide rate was also at its worst under the former administration.
00:28
Professor Hosein says the experts saw the approaching disasters in crime, forex and the energy sector
00:36
and continuously warned the government.
00:40
But, he says, persons in authority would become aggressive and dismissive
00:44
and did very little to address the situation.
00:47
We at the university continuously spoke out.
00:51
We were abused and insulted and told we are naysayers and idiots and nobody took us on.
00:57
And so, we are where we are today and this decline has to rest on the hands of the politicians
01:04
and they must carry some of the responsibility.
01:08
The Economist tells TV6, the new Kamala-Pasad-Bissessa-led administration has a very challenging task ahead
01:15
and he is imploring them to heed advice.
01:19
They will have to bring on board the best technical teams in various spheres
01:24
so that we focus on reducing the non-energy fiscal balance from about 28 billion now
01:30
to improving the stock of reserves, to lowering the external debt,
01:34
to getting economic growth restarted and to replace the 50,000 to 60,000 jobs
01:38
that was lost in the last 10 years.
01:41
Nicole M. Romany, TV6 News.
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