Guyana’s Economy Set to Grow by 20.9 Percent in 2021

Guyana’s economy will remain resilient against the effects of COVID-19, maintaining its growth trajectory
-A +A
0

Photo: CARICOM

Guyana’s economy will remain resilient against the effects of COVID-19, maintaining its growth trajectory as the petroleum sector ‘picks up steam’, the World Bank has said.

Guyana grew at an extraordinary rate of 43.5% in 2020, having completed a year of oil production. The positive spill-over effects have been dampened by a deep contraction in the non-oil economy, triggered by COVID-19 mitigation measures.

Despite the lingering adversities, projections remain positive, with the country set to record economic growth of 20.9% at the end of 2021, 26.0% in 2022 and 23.0% in 2023. (GC)

Extract from the CARICOM BUSINESS Newsletter Vol 4 No 13

Also Check Out...

Minneapolis police officer, who on Thursday removed his face covering to invoke his Fifth Amendment right
Derek Chauvin Takes Fifth, Defense
mass shooting, which killed eight people, at a FedEx facility in Indiana.
CBC Issues Statement on Indiana
family of a man fatally shot by an off-duty Pentagon security officer (above left
Families of Two Shot Dead by
sued Duval County Public Schools (DCPS) on behalf of a teacher at Robert E. Lee High School
Florida Teacher Suing School
Democratic mayoral hopeful Andrew Yang
New Poll: Andrew Yang Leads NYC
situation in St. Vincent and the Grenadines caused by the on-going volcanic eruptions of La Soufriere.
Caribbean Leaders Hold Emergency