Economy / Guyana
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Macroeconomic Forecast Guyana
September 2008 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Despite consumer price inflation (CPI) witnessing a 0.6% m-o-m increase in June, year-on-year percentage growth was slightly lower than in May, down to 7.4% from 8.2%, continuing a downward trend that has been in play since March. It now appears as though Guyana has avoided the spiralling inflationary pressures that afflicted most of the region in June, thanks to its membership of the Petrocaribe agreement, whereby it receives oil at discounted prices from Venezuela.