A Country’s Future as World’s Fastest-Growing Economy Dims

(Bloomberg) — When Exxon Mobil Corp. came to Guyana, the U.S. oil giant brought with it the promise of extraordinary economic growth. Now the tiny South American country is embroiled in a bitter battle over who might control that wealth just as the crude starts to flow.In November, the International Monetary Fund gave Guyana the nod as the world’s fastest growing economy on the strength of Exxon’s oil finds. Since then, a fight for political control has led to a disputed election that’s spurring calls for international sanctions as a price rout subverts the nascent oil boom and a killer …read more

Source:: Yahoo Finance

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