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Ever heard of an economy growing at 86%? IMF just identified one such

South America's only English-speaking nation owes the anticipated windfall to offshore oil deposits discovered in 2015

Photo: Reuters
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International Monetary Fund | Photo: Reuters

Matthew Bristow & Ezra Fieser | Bloomberg
Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. South America may be battered by weak growth, unrest and austerity but one of its smallest countries is about to experience the fastest economic growth on the planet.

Guyana, a country of 780,000 that neighbors Brazil and Venezuela in the region’s northeast corner, will see its economy balloon 86 per cent next year after expanding 4.4 per cent this year, according to the International Monetary Fund. That’s 14 times the projected pace of China and driven by Exxon Mobil Corp.’s discovery