GDP to rise by 5.6%

- Finance Minister hails eight consecutive years of growth

Guyana’s economy is projected to grow by 5.6% this year, according to Finance Minister Dr Ashni Singh who proclaimed the eight consecutive years of growth up to 2013 as the longest streak in the country’s history.

Presenting the 2014 budget yesterday in Parliament, Singh projected that the inflation rate this year will be 5% compared to 0.9% last year, the lowest rate in decades. Real Gross Domestic Product (GDP) grew by 5.2% last year while the non-sugar GDP rose by 6.3%.

While he played up expectations for this year, the Finance Minister also acknowledged that foreign exchange …..To continue reading, login or subscribe now.

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