The latest International Monetary Fund (IMF) Regional Economic Outlook talks of a general improvement in the economic prospects for the Caribbean “supported by higher US and global growth”. But there is a huge range in likely outcomes for the sub-region, from a contraction of -14.1% projected for Dominica this year, as it continues to struggle with the aftermath of Hurricane Maria, to growth of 3.4% for Guyana as it begins to feel the first positive effects of the forthcoming oil bonanza. Overall, tourism-dependent Caribbean will grow by just 1.4% in 2018 and 1.8% in 2019. The region’s commodity exporters (Belize, Guyana, Suriname, and Trinidad & Tobago) will grow by a similar 1.4% this year and 1.6% in 2019.End of preview - This article contains approximately 1715 words.
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