Guyana: 2018 Article IV Consultation-Press Release and Staff Report
July 16, 2018
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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.
Subject: External debt, Oil production, Oil, gas and mining taxes, Production, Public debt, Revenue administration, Taxes
Keywords: Caribbean, center, central bank financing, core inflation, CR, executive board assessment, financing needs, gas and mining taxes, GDP ratio, Global, Guyana, IDA portfolio, ISCR, Oil, Oil production, U.S. dollar
Pages:
91
Volume:
2018
DOI:
Issue:
220
Series:
Country Report No. 2018/220
Stock No:
1GUYEA2018001
ISBN:
9781484367957
ISSN:
1934-7685
