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« Pukpuk Publications winds down: PNG writers must take charge | Main | Our civilisation of lies: hucksters, quick fixers & thieves »

10 November 2016

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PNG is now at the crossroads of a major economic collapse and we have two conflicting forecasts of GDP.

The government should make forecasts determining the entire country's economic status and not confined to a single entity like LNG. LNG only contributes a certain percentage of our country's exports.

If the World Bank makes a forecast of 35% decline in PNG LNG's gas and oil exports than who is correct? The World Bank or the government with its 16% increase in oil & gas exports?

It looks like the forecasts are confusing & contradicting each other so PNG must be very careful now. And there's an election next year, 2017.

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