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United States Ambassador to Guyana, Perry Holloway has indicated that from his assessment,New York Mets Nolan Ryan Jersey, Guyana hasUnited States Ambassador,Cleveland Indians Yan Gomes Jersey, Perry Hollowaybeen able to deal with the effects of the global economic downturn better than most jurisdictions in the region.During an interview with Kaieteur News, Ambassador Holloway highlighted the fact that Guyana is not unique in experiencing a sluggish economy.“The entire world is dealing with a sluggish economy, and countries that depend on commodities that come out of the ground – like sugar, rice,Baltimore Orioles Chris Tillman Jersey, bauxite, gold,Toronto Blue Jays Russell Martin Jersey, diamond and petroleum,Washington Nationals Anthony Rendon Jersey, they have suffered more than other countries which are more diversified with more value added in their economy.”However,St. Louis Cardinals Allen Craig Jersey, despite the fact that Guyana is one country which depends on such commodities, Holloway said that it has “surprisingly” been coping well.“Guyana has surprisingly weathered the recent global economic downturn better than most countries,St. Louis Cardinals Randal Grichuk Jersey,” said Holloway.The US envoy pointed out that Guyana has still been experiencing growth and is yet to fall victim to inflation.  In this regard, Holloway made reference to a United Nations report that pointed out that Venezuela is going to have 700 percent inflation. The Ambassador said that that is an “ungodly number”, but Guyana has not gone down that road.He said too that Guyana,Boston Red Sox Joe Kelly Jersey, because of the petroleum that is going to come out the ground in few years, is poised to be even better off in economic terms.Holloway told Kaieteur News that no US company has been deterred from investing in Guyana as a result of the current economic downturn as he reiterated, “Guyana is better off than many countries in the Region.”Instead of worries about the economy, Ambassador Holloway indicated that investors are more often concerned about the small market.He said too that Guyana’s infrastructure is often not ideal “to do the type of investment they often want to do.”Other concerns are that the electricity cost is the highest in the Region and “that the processes to open a business and record profits take a lot longer than many investors would like to see.However,Chicago Cubs Kyle Schwarber Jersey, Holloway said that the latter concern is one that he knows is currently being addressed.“I know the government is working on that and I am sure that this year they will probably get the number lower.  (Abena Rockcliffe)