Meet the Economy That the IMF Sees Growing 86% in 2020

Posted on AllSides November 2nd, 2019
From The Left

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,”...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://www.bloomberg.com/news/articles/2019-11-02/meet-the-economy-that-the-imf-sees-growing-86-in-2020

More News about World from the Left, Center and Right

From the Left

From the Center

From the Right