Positive On Growth, Though Risks Remain

August 2008 | Economic Outlook

BMI View:Despite the Bank of Guyana's upbeat economic growth outlook for end-2008 (it is projecting a 4.8% real GDP growth this year), we believe that a drop in soft commodity prices in H208 and a US economic slowdown mean the risks to growth remain in play. Consequently, our real GDP growth forecast for 2008 remains at 3.5%.

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