Guyana: 2018 Article IV Consultation-Press Release and Staff Report

Publication Date:

July 16, 2018

Electronic Access:

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Summary:

Economic growth slowed down, but became more broad-based. In 2017, real GDP growth was 2.1 percent, with the non-mining GDP rebounding from its contraction in 2016. The external balance turned negative due to weaker than expected export growth and higher oil prices. Inflation remains relatively low, and the monetary stance accommodative. Oil production is expected to commence in 2020, and additional oil discoveries have significantly improved the medium- and long-term outlook.

Series:

Country Report No. 2018/220

Subject:

English

Publication Date:

July 16, 2018

ISBN/ISSN:

9781484367957/1934-7685

Stock No:

1GUYEA2018001

Pages:

91

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