Description

The aim is to analyze the main channels of transmission for shocks from the global economy to Guyana and assess their specific spillover magnitudes. The paper documents the transmission channels of external shocks to the real economy and the financial sector, citing magnitudes and risks. It then describes the policy response, including recent directions of monetary and fiscal policies to weather the spillover of external shocks on the domestic economy through the real and trade channel, and provides an outlook for the envisaged recovery of the global economy.

Taxonomy

Economic cooperation , Economic policy , European Economic and Monetary Union , Financial crisis , Fiscal policy , International financial system , Monetary policy , Monetary unions

More publications in this series: IMF Staff Country Reports