Guyana to post second highest growth in South America in 2014, says IMF
Published On: Tue, May 7th, 2013, Source
Guyana is predicted to see the second highest economic growth for South America in 2014, said the International Monetary Fund (IMF) in its World Economic Outlook, released Monday.
The IMF said Peru is forecast to have the highest economic growth of 6.1 percent and the lowest inflation in South America in 2014, followed by Guyana (6 percent), Bolivia (5 percent), Chile (4.6 percent), Paraguay (4.6 percent), Colombia (4.5 percent), Suriname (4.5 percent), Brazil (4 percent) and Uruguay (4 percent).
Meanwhile, the countries registering the lowest economic growth are Venezuela (2.3 percent), Argentina (3.5 percent) and Ecuador (3.9 percent).
The report also finds that the country posting the strongest economic growth this year is Paraguay (11 percent), followed by Peru, Guyana (5.5 percent), Chile (4.9 percent), Bolivia (4.8 percent) and Suriname (4.5 percent).
Countries with lowest economic growth are Venezuela (0.1 percent), Argentina (2.8 percent), Brazil (three percent), Uruguay (3.8 percent) and Colombia (4.1 percent).
According to the release, in 2014 Peruβs inflation rate is expected to be the lowest in the region, followed by Ecuador (2.1 percent), Chile (3 percent), Colombia (3 percent), Suriname (4 percent), Bolivia (4.2 percent) and Brazil (4.5 percent).
The regionβs countries with the highest inflation are Venezuela with 27.3 percent, Argentina (10.1 percent), Uruguay (seven percent), Guyana (5.5 percent) and Paraguay (5 percent).