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How Guyana's big oil boom turned it into the world's fastest-growing economy - TL;DR CNBC

How Guyana's big oil boom turned it into the world's fastest-growing economy

Publishing timestamp: 2024-01-27 08:24:31


Summary

The article discusses the ongoing territorial dispute between Guyana and Venezuela, which has been exacerbated by the discovery of oil in Guyana. Guyana's economy has experienced rapid growth due to the oil discovery, while Venezuela's economy has collapsed under Maduro's leadership. The article also mentions concerns about Guyana's weak democratic institutions and divided politics.


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Tickers: HESXOM

Keywords: venezuelaworld economybusinessbusiness newseconomybreaking news: economyhess corpguyanaexxon mobil corpnicolas maduro

Source: https://www.cnbc.com/2024/01/27/how-guyanas-big-oil-boom-turned-it-into-the-worlds-fastest-growing-economy.html


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