Latest update April 27th, 2024 12:59 AM
Apr 20, 2012 News
The Caribbean economy is expected to grow this year and next year. So says the Washington-based International Monetary Fund (IMF).
The international financial institution says Latin America and the Caribbean is “on a glide path to steady growth” as the global economy picks up pace, but cautioned that “dangers remain.”
In its latest World Economic Outlook report, the IMF said the swings in risk aversion in global markets over the past six months have had significant effects on Latin America and the Caribbean (LAC), forecasting “moderate” growth of 3.75 percent in the region this year and four percent in 2013.
Specifically, the Caribbean economy is expected to grow by 3.5 percent.
“High public debt and weak tourism and remittance flows continue to constrain the outlook for the Caribbean. The outlook for Central America, like that for Mexico, is closely tied to developments in the United States,” the IMF said, noting that “spillovers to the region, both real and financial, from renewed crisis in Europe are likely to be limited.”
The IMF said that among commodity exporters in LAC, strong domestic demand growth moderated, as tighter macroeconomic policies began to bear fruit and the external environment weakened.
And while economic activity in LAC is still subdued, strong real linkages with the United States “offer some upside prospects as the United States slowly recovers,” according to the report.
“Spillovers to the region through trade, financial, and banking channels were active during recent months but with only limited effects on activity,” the report said.
Govt. on its knees over a year now for US$646M to ease Blackouts, and one Canadian Company…
Apr 27, 2024
GCB T10 Blast tournament… Kaieteur Sports – T10 action continued yesterday at Malteenoes Ground with huge wins for Essequibo Anacondas and the Demerara Pitbulls. Anacondas beat Jaguars by...Kaieteur News – Bharrat Jagdeo studied at a university, the People’s Friendship University, which is not considered... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]