Driven by an oil & gas industry that is projected to significantly transform the face of the country’s economy, possibly in as little as a decade, Guyana continues to attract encouraging external prognoses for growth in the period ahead.
Just months after its earlier released economic projections for Latin America and the Caribbean (LAC) for the period immediately ahead, the World Bank has returned to the theme of the country’s projected growth which it tags at “over 34 per cent” for 2023.
The Bank’s semi-annual report for LAC countries titled “Consolidating the Recovery; Seizing Green Growth Opportunities”, released this month, projects that the country will register a Gross Domestic Product (GDP) growth rate of 34.3 per cent in 2023, likely to be the highest in the LAC region and the only one that will reach double figures.
