Bank of Guyana - Annual Report 2005

According to the Bank of Guyana's Annual Report 2005, the economy, during 2005, suffered heavily from the effects of the flood in the early part of the year.

After recording a decline of 5.9 percent in the first half of the year, the economy performed better in the second half to limit the decline in real economic growth for the year to 3 percent. This was markedly short of the 2.2 percent growth target and took the economy, in real terms, back to its 1999 level. Major flood-induced contractions

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