Monday, June 4, 2012

Guyana Strength

Countries with similar names are often confused with one each other. Guyana and Ghana are two countries with those characteristics. Guyana is a South American nation with a population of 752,000 and an economic policy that has shown growth in ways that rival other developing countries. According to the Guyana ministry of finance debt has decreased from 658% of GDP in 1991 to 47% of GDP in 2011. Stable exchange rates, lower interest rates, and inflation that has remained at levels to promote and encourage growth. FDI have reached its highest levels at $1.3 billion in 5 years. With recent stagnation in Brazil it will be interesting to see which South American country will grow to the level of growth that Brazil encountered in 2010. We will continue to monitor the economy of Guyana and its international trading.

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