Guyana economy seen booming on 'unparalleled' oil sector growth -IMF


Reuters | Updated: 12-09-2023 02:05 IST | Created: 12-09-2023 02:02 IST
Guyana economy seen booming on 'unparalleled' oil sector growth -IMF
Representative Image Image Credit: ANI
  • Country:
  • Guyana

Guyana's economy will again boom this year as it likely expands by 38% this year thanks to "unparalleled" oil sector expansion, according to a forecast from the International Monetary Fund released on Monday.

The latest 2023 estimate follows real gross domestic product expansion of 62% last year, which was the highest level of economic growth in the world.

Also Read: Amit S Telang appointed as India's next High Commissioner to Guyana

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