Guyana's GDP will see its economy grow 14 times as fast as China next year: IMF

11:50:00 PM, Saturday 2nd of November 2019 | in business

A small country of 780,000 that neighbours Brazil and Venezuela 'Guyana' will see its economy balloon 14 times as fast as China as per the IMF, 86% next year after expanding 4.4% this year. South America's only English-speaking country owes the anticipated windfall to offshore oil deposits discovered in 2015. The IMF adds that the oil sector will represent 40% of the economy within 5 years. Govt to set a sovereign wealth fund.