Guyana and Macau to See World's Highest Economic Growth in 2023 Driven by Oil and Tourism Booms
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Guyana's economy is projected to grow 38.4% in 2023, the highest rate globally, due to oil production.
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Macau is forecast to have the second highest growth at 74%, driven by tourism, gambling and real estate.
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Most countries are expecting weak growth compared to 2022.
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The oil discovery in Guyana in 2015 is estimated at up to 10 billion barrels.
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Government initiatives in Macau to diversity the economy have helped drive growth.