ECLAC projects  22% growth for Guyana this year

(Kaieteur News) – The Economic Commission for Latin America and the Caribbean (ECLAC) projects that the regional economy will grow by 2.0% in 2026 and by 2.5% in 2027, as stated in a press release published on Thursday.

These figures, compared to 2.4% growth in 2025, point to a deceleration during the current year and a moderate recovery the following year, in an international context of increased uncertainty. As ECLAC indicated in its report International Trade Outlook for Latin America and the Caribbean, 2026, presented on 15 October, geopolitical tensions, disruptions in logistics routes, and decreased predictability of trade policy are reconfiguring the landscape in which the region’s economies operate.

In this context, external shocks affect conditions of external demand and increase production and import costs, particularly due to the increase in energy and food prices. The consequences are heterogeneous: while some commodity exporters may benefit from increased prices, import economies face pressure on their costs and on household purchasing power.