{
  "title": "Guyana: 2018 Article IV Consultation-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, July 16, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/07/16/guyana-2018-article-iv-consultation-press-release-and-staff-report-46083",
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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.",
  "sections": [
    {
      "heading": "Overview and recent performance",
      "content": "- Real GDP growth in 2017 was 2.1 percent.\n- Non-mining GDP rebounded from its contraction in 2016.\n- Economic growth slowed down in 2017 but became more broad-based.\n- The external balance turned negative due to weaker than expected export growth and higher oil prices.\n- Inflation remains relatively low, and the monetary stance is accommodative."
    },
    {
      "heading": "Near-term outlook",
      "content": "- Oil production is expected to commence in 2020.\n- Additional oil discoveries have significantly improved the medium- and long-term outlook."
    },
    {
      "heading": "Key themes and policy-relevant topics covered",
      "content": "- External debt\n- Oil production\n- Oil, gas and mining taxes\n- Production\n- Public debt\n- Revenue administration\n- Taxes\n\nInternational Monetary Fund. \"Guyana: 2018 Article IV Consultation-Press Release and Staff Report\", July 16, 2018.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 16, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484367957.002",
    "Real GDP growth in 2017 was 2.1 percent.",
    "Non-mining GDP rebounded from its contraction in 2016.",
    "Economic growth slowed down in 2017 but became more broad-based.",
    "The external balance turned negative due to weaker than expected export growth and higher oil prices.",
    "Inflation remains relatively low, and the monetary stance is accommodative.",
    "Additional oil discoveries have significantly improved the medium- and long-term outlook.",
    "**Country Report**"
  ],
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