Economy records 2.2% growth rate- mid-year report

Guyana saw a growth rate of 2.2 percent for the first half of this year compared to a 2.0 percent for the same period of 2016.

This was disclosed by State Minister, Joseph Harmon at a post cabinet media briefing on Friday. He stated that the figures which obtained at the end of June 2017 were presented by Minister of Finance, Winston Jordan this week to Cabinet and will be laid in the National Assembly shortly.

The financial report outlines the country’s GDP for the first half of the year along with the private sector’s contribution. The Minister disclosed that the private sector’s credit has increased while the exchange rate (US dollars) remained constant. More details will be provided in a subsequent report.