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Guyana’s Rapid Growth and IMF Warnings | Guyana News
Guyana’s economy is rocketing upward, with the IMF calling it a “very rapid” and “highly favorable” growth story fueled by booming oil production—and more. Real GDP surged over 19% last year, following nearly 40% annual gains before that, as oil output hit 900,000 barrels daily. But it’s not just oil—other sectors are thriving too. The government’s smart fiscal moves, like saving in the Natural Resource Fund and investing in infrastructure, health, and education, are helping diversify the economy without overheating. Still, inflation risks loom as wages climb and oil prices stay high. Looking…
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