With Guyana’s Gross Domestic Product (GDP) growth projected at 57.8% for 2022, the International Monetary Fund (IMF) has said “continued prudent policies and structural reforms” are needed to avoid macroeconomic vulnerabilities and to ensure inclusive growth and intergenerational equity.
The upward projection of Guyana’s gross domestic product (GDP) has been largely linked to the significant increase in oil production. The IMF said that oil GDP is expected to grow over 100% this year and by about 30% on average per year during 2023-26.
