The world may be falling into its worst recession in almost a century but one tiny South American economy is still forecast to grow 53% this year.
The remote, jungle-covered nation of Guyana will enjoy by far the world’s fastest expansion, and will be the only country in the Americas to see any growth at all in 2020, the International Monetary Fund said in its World Economic Outlook published Tuesday.
That’s despite a warning from the US and its allies that Guyana risks international isolation over its botched presidential election last month and a collapse in oil prices.