Robust Growth In Guyana Makes It An Outlier In The Region

  • Fitch expects real GDP growth in Guyana will surge in 2020 as crude oil production and increased investment outweigh the downside growth pressures from the Covid-19 pandemic.
  • That said, low global energy prices, sustained investor risk aversion and domestic political uncertainty will likely weigh on foreign investment in Guyana and may cap its economic potential.
  • Fitch maintains its 2020 and 2021 real GDP growth forecasts of 20.8% y-o-y and 17.4% respectively, up from an estimated 4.7% expansion in 2019. 

 (Source: Fitch)