IMF expects growth to continue on steady path
-vigilance in banking sector vital especially in light of housing boom
-vigilance in banking sector vital especially in light of housing boom
Following a 10-day mission here, a team from the International Monetary Fund (IMF) expects the growth of the Guyana economy to continue on a steady path.
Therese Turner-Jones, chief of the International Monetary Fund (IMF) mission to Guyana, in a statement released in Georgetown on Friday November 19th said that its yearly review showed that despite external and domestic shocks, Guyana’s economy showed resilience and registered its fifth consecutive year of “robust growth”. The statement added that real GDP growth is projected at just under 4% which is above last year’s figure. This was underpinned by increased activity in the gold and services sector. The statement also mentioned an uptick in sugar though figures on the ground do not support this.
Even in the backdrop of risk including concerns about the sugar sector, the IMF mission said the team expected “growth to continue on a steady path, supported by expansion in the mining and construction sectors.” It also noted that despite a small increase in food prices inflation remains relatively low.
Therese Turner-Jones, chief of the International Monetary Fund (IMF) mission to Guyana, in a statement released in Georgetown on Friday November 19th said that its yearly review showed that despite external and domestic shocks, Guyana’s economy showed resilience and registered its fifth consecutive year of “robust growth”. The statement added that real GDP growth is projected at just under 4% which is above last year’s figure. This was underpinned by increased activity in the gold and services sector. The statement also mentioned an uptick in sugar though figures on the ground do not support this.
Even in the backdrop of risk including concerns about the sugar sector, the IMF mission said the team expected “growth to continue on a steady path, supported by expansion in the mining and construction sectors.” It also noted that despite a small increase in food prices inflation remains relatively low.
Its good to know that Guyana's economy is on a steady path and will continue to growth.It show the the present administration is work keenly to boost this country of ours.........
ReplyDeletethis show that under the current government guyana has achieve a great deal and also manage to keep guyana at a growing standard.
ReplyDeleteThis is good to know that the govt is putting their efforts to maintain a steady economy despite a few errs in the sugar industry.....But continue to work to make Guyana a better place for us guyanese
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