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According To the IMF Guyana's Economy Is The Hottest In The World

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Title : According To the IMF Guyana's Economy Is The Hottest In The World
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According To the IMF Guyana's Economy Is The Hottest In The World

Livemint/Bloomberg: Guyana GDP to grow fourteen times as fast as China’s next year: IMF

* Government to set up sovereign wealth fund to invest surplus
* Guyana, a country of 780,000 that neighbours Brazil and Venezuela, will see its economy balloon 86% next year, according to the International Monetary
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South America may be battered by weak growth, unrest and austerity but one of its smallest countries is about to experience the fastest economic growth on the planet.

Guyana, a country of 780,000 that neighbors Brazil and Venezuela in the region’s northeast corner, will see its economy balloon 86% next year after expanding 4.4% this year, according to the International Monetary Fund. That’s 14 times the projected pace of China and driven by Exxon Mobil Corp.’s discovery of oil.

“We’re moving from a very low base to a stratospheric leap," Finance Minister Winston Jordan said in a telephone interview from Georgetown.

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WNU Editor: I have been to Guyana a few times. Have some good friends there. Their economy is about to explode because of oil.


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