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World Economy May Be Crashing But Guyana Still Seen Growing 53%

  • South American country defies pandemic with world’s top growth
  • Nation still booming despite oil collapse, disputed election
Georgetown, Guyana.

Georgetown, Guyana.

Photographer: Luis Acosta/AFP via Getty Images

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.