Guyana’s Extractive Sector Will Drive Growth In Coming Years

• Guyana will see real GDP growth accelerate in the coming quarters, driven by primary sector investment and production gains.
• Rising revenues from the oil and gas sector will allow for increases in public spending and aid private consumption.
• Fitch Solutions has revised up its real GDP growth forecasts for Guyana to 4.1% YoY in 2019 and 4.2% in 2020, from 3.6% and 3.8% previously, reflecting a more optimistic outlook for the primary sector.

(Source: Fitch Solutions)