Summary
- Guyana is experiencing a rapid economic boom driven by its expanding oil sector.
- President Irfaan Ali revised the country’s growth forecast for 2024 from 34.8% to 42.8%.
- The oil sector accounted for 67% of Guyana’s remarkable economic expansion in the first half of 2024.
- Despite challenges in other industries, Guyana’s projected oil production surge is reshaping its global economic standing.
