Caribbean & Central America - June 2018 (ISSN 1741-4458)

*** GOOD GROWTH FOR GRENADA. According to the International Monetary Fund (IMF), Grenada’s economy grew by 4.5% in 2017, with strong activity in construction, tourism, and the education sector. The less encouraging news is that unemployment remains high at 23.6%. For this year and next, the IMF is forecasting slightly slower growth of 3.5%. Public debt fell to 71% of GDP at end-2017 and is on target to come down to 55% in 2020. The primary fiscal surplus is 5.75% of GDP.

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