Our comprehensive assessment of Guyana's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Guyana, as well as the latest industry developments that could impact Guyana's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Guyana before your competitors.
Guyana Country Risk
We believe that the English-speaking Caribbean will continue to see a modest economic recovery in the coming quarters as US growth continues. A strengthening US consumer will boost tourism to the region, driving growth in tourism-dependent economies. Financial services will continue to struggle due to tightening financial regulation in developed economies, while lower precious metals prices will weaken the macroeconomic outlook for the region's miners. That said, growth will remain stronger in the region's mining-driven economies than in its predominantly tourism-driven countries.
Caribbean economies will continue to face economic headwinds in the coming years in light of rising debt burdens, fixed exchange rate regimes, and modest growth prospects. These factors, combined with our view that financial services sectors will see a significant...
Guyana Industry Coverage (1)
BMI View: The ongoing economic uptick in the US will translate into rising departures to the Caribbean in 2015, with St Lucia, St Eustatius, the Cayman Islands and Cuba set to perform particularly well. We see particular opportunities in Cuba, with the US-Cuba diplomatic rapprochement boosting prospects for a relaxation of the bilateral tourist regime.
The Caribbean is a popular tourist market, attracting high numbers of visitors from North America and Europe. Its many beaches and islands have encouraged the development of a high-end, resort-led accommodation sector, with very few budget alternatives on offer. For this reason, the Caribbean is a relatively expensive destination and can be vulnerable to economic fluctuations in its major source markets. In addition, transport infrastructure is lagging behind hotel infrastructure, although we note that there are several major airport expansion projects under way....