Macroeconomic Forecast Guyana

BMI View: According to Guyana's Bureau of Statistics growth of the consumer price index came in at 4.4% y-o-y at end-2010, finishing the year not far from our own estimate of 5.0%. While global food prices look set to stabilise in the second half of 2011, as increased supplies come on to the market, we expect rising energy costs to help push inflation up to our projection of 6.0% y-o-y by end-2011. These cost-push pressures should come alongside mild demand influences resulting from steadily rising levels of private and government consumption.

To read the full article, please choose one of the following options: