advertisement


news

The International Monetary Fund reveals the fastest growing economy in 2020

[ad_1]

The International Monetary Fund reveals the fastest growing economy in 2020

Reuters

The International Monetary Fund reveals the fastest growing economy in 2020

The International Monetary Fund (IMF) expects Guyana in 2020 to achieve the best economic growth in the world, with the South American country expected to grow 86% after a 4.4% increase in 2019.

The fund said the remarkable growth would be driven by the discovery of the US oil company Exxon Mobil in the country, which has a population of 780 thousand people, and neighboring Brazil and Venezuela.

According to the IMF, the growth rate of Guyana's economy next year will be 14 times the growth rate of China's economy for the same year.

Guyana's GDP is estimated at $ 4 billion, but in 2024 it is expected to reach $ 15 billion. The oil sector will account for 40% of the country's economy over the next five years.

Source: Bloomberg

[ad_2]
Source link

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

news

The International Monetary Fund reveals the fastest growing economy in 2020

[ad_1]

The International Monetary Fund reveals the fastest growing economy in 2020

Reuters

The International Monetary Fund reveals the fastest growing economy in 2020

The International Monetary Fund (IMF) expects Guyana in 2020 to achieve the best economic growth in the world, with the South American country expected to grow 86% after a 4.4% increase in 2019.

The fund said the remarkable growth would be driven by the discovery of the US oil company Exxon Mobil in the country, which has a population of 780 thousand people, and neighboring Brazil and Venezuela.

According to the IMF, the growth rate of Guyana's economy next year will be 14 times the growth rate of China's economy for the same year.

Guyana's GDP is estimated at $ 4 billion, but in 2024 it is expected to reach $ 15 billion. The oil sector will account for 40% of the country's economy over the next five years.

Source: Bloomberg

[ad_2]
Source link

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close