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Event Guyana , Venezuela have signed a 1-year extension to an export agreement that should result in 210,000 tonnes of rice, with a value of US$130m , being shipped to Venezuela . Analysis The deal is part of the PetroCaribe agreement, a concessional trade arrangement that allows Guyana to repay part of its oil debt to Venezuela through commodity exports. It provides for Gu...
Event Guyana , Venezuela have signed a 1-year extension to an export agreement that should result in 210,000 tonnes of rice, with a value of US$130m , being shipped to Venezuela . Analysis The deal is part of the PetroCaribe agreement, a concessional trade arrangement that allows Guyana to repay part of its oil debt to Venezuela through commodity exports. It provides for Gu...
Guyana : region outlook FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: As the 1st minority government in Guyana's history, the People's Progressive Party /Civic (PPP/C) government, led by Donald Ramotar , will continue to face huge difficulties in implementing its agenda. The opposition will seek legislative concessions. If the government is not seen to negotiate in good faith, le...
Outlook for 2013-14: Forecast summary Forecast summary ( % unless otherwise indicated) 2011 a 2012 a 2013 b 2014 b Real GDP growth 5.4 4.8 4.9 4.5 Gross fixed investment growth 2.8 2.7 4.3 6.5 Consumer price inflation (av) 2.6 c 3.0 5.6 5.0...
Economic structure: Quarterly indicators 2011 2012 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr Central government finance (G$ m) Revenue 25,950 36,112 28,703 31,621 29,039 36,209 31,147 n/a Expenditure 21,456 38,157 32,899 58,240 19,877 41,818 38,620 n/a O...
Economic structure: Quarterly indicators 2011 2012 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr Central government finance (G$ m) Revenue 25,950 36,112 28,703 31,621 29,039 36,209 31,147 n/a Expenditure 21,456 38,157 32,899 58,240 19,877 41,818 38,620 n/a O...
Event Sectoral data point to a mixed performance by the economy during the Q3. Analysis Although the Bank of Guyana (BoG, the central bank) has yet to announce a GDP growth figure for the Q3, available data point to a modest improvement when compared with the 1st half of 2012 (when a GDP growth rate of 2.8 % was recorded). Economic performance in the Q3...
Guyana : region outlook FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: As the 1st minority government in Guyana's history, the People's Progressive Party /Civic (PPP/C) government, led by Donald Ramotar , will continue to face huge difficulties in implementing its agenda in the 2013-14 forecast period. The opposition will seek legislative concessions. If the government is not seen...
Outlook for 2012-13: Forecast summary Guyana : forecast summary ( % unless otherwise indicated) 2010 a 2011 b 2012 c 2013 c Real GDP growth 4.4 5.4 a 4.6 5.1 Gross fixed investment growth 6.3 b 2.9 18.9 5.3 Consumer price inflation (av) 4.5 2.6 a...
Guyana economy: Budget anticipates big expansion in spending FROM THE ECONOMIST INTELLIGENCE UNIT Notwithstanding still-robust revenue inflows, the government?s 2012 budget projects a substantial widening of the central government deficit on the back of a sharp rise in current , particularly capital expenditure. In total, expenditure is expected to increase by 20 % on 2011. Non-interes...
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