Showing posts with label 1999. Show all posts
Showing posts with label 1999. Show all posts

Friday, January 7, 2011

Economy Could Grow By Only 2% in 2011

Or about half the current forecast of 4.2% because of how dumb we've become managing things in general and water in particular. See Minister Beebeejaun is saying that we are facing a 1-in-40 year drought which is exactly what the authorities said to us in 1999 when lower than usual rainfall cut economic growth by 50%.

True the Midlands dam came to life in 2003 but we have to remember that our economy has grown by a third since then. And I don't think it's possible at all to shower with the Mo Ibrahim Index rankings.