1945

Economic growth in Guyana slowed to 3.1% in 2008, dampened by a mixture of external and internal factors, such as the global recession and the sugar industry’s struggle. The current account deficit deteriorated significantly to stand at 25.8% of GDP, while the external public debt increased substantially to 72% of GDP. Inflation eased significantly, however (from 14.1% in December 2007 to 6.4% in December 2008).

Related Subject(s): Economic and Social Development
Countries: Guyana
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