MONTHLY NEWSLETTER

Caribbean Economic Report, June 2020

  • June 29, 2020
Editorial: J’accuse…! The European Union’s Institutionalized Racism and Bullying Bahamas downgraded to Ba2 (non-investment grade) by Moody’s; Q1 2020 growth for Barbados -3%, Jamaica -1.7% and DomRep 0.0%; Suriname’s debt surged in April and inflation rose to 26%…

Caribbean Economic Report, April 2020

  • April 29, 2020
External risks are highest for The Bahamas, Cuba, Suriname and Trinidad & Tobago. Guyana’s growth prospects from its oil sector have been lowered…

Caribbean Economic Report, February 2020

  • February 6, 2020
Bahamas damages from Dorian estimated over USD3.4 billion; Barbados GDP contracted 0.1% in 2019; Cuba records 17.6% contraction in stay-overs from the US; Dominican Republic grew 5.1% in 2019…

Caribbean Economic Report, December 2019

  • December 23, 2019
Barbados and Jamaica receive credit rating upgrades, Cayman Islands passes its largest budget in history with no new taxes, uncertainty in Suriname rises following the conviction of President Bouterse and high fiscal deficits and rising debt, T&T posted declines in Construction and Manufacturing activity in H1 2019…

Caribbean Economic Report, September 2019

  • September 28, 2019
Bahamas faces unprecedented effects of Hurricane Dorian, Barbados continues to meet BERT program targets, Cuba’s economy faces greater turmoil, DomRep and Jamaica’s Central Banks lower policy rates in August, Guyana’s economy is projected to grow 86% in 2020, Suriname’s debt-to-GDP is forecast by Fitch to reach 79% in 2019, T&T’s external position continues to erode.

Caribbean Economic Report, July 2019

  • July 24, 2019
DomRep’s Central Bank lowered its policy rate in June by 50 bps to 5.00%, Guyana experienced uneven growth in Q1 2019, Jamaica reported 1.7% GDP growth in Q1 2019 spanning all major sectors except manufacturing, Suriname’s Central Bank is expected to continue financing the government, T&T was downgraded by S&P Ratings to ‘BBB’ from ‘BBB+’, […]

Caribbean Economic Report, May 2019

  • May 19, 2019
Barbados’ economy contracted in Q1 2019, DomRep continues to set records for remittances, Bank of Jamaica lowered its policy rate to 0.75%, T&T international reserves were down 8% y/y in March…

Caribbean Economic Report, March 2019

  • March 28, 2019
Feature: “When a blacklist is, unfortunately, just that.” Bahamas benefits from growth in tourism arrivals/capacity, Barbados relaxation of FX controls likely to improve business climate, Cayman GDP grew 3.6% in Jan-Sept 2018, Cuba under further pressures due to Venezuela situation, DR posted 9.8% growth in remittances for 2018, Guyana’s timing of imports offsetting to FDI, […]

Caribbean Economic Report, February 2019

  • February 4, 2019
Venezuela’s crisis: This is not about politics or oil – this is about people. Preliminary GDP growth for 2018: DomRep +7%; Cuba +1.2%; T&T +0.8%; Barbados -0.6%. Bahamas and Cayman report double-digit growth in stayovers 16.5% y/y (YTD Sept) and 10.7% y/y (2018) respectively. Guyana faces uncertainty after no confidence motion upheld. Jamaica upgraded by Fitch […]

Caribbean Economic Report, December 2018

  • December 3, 2018
Bahamas Central Bank highlights importance of fiscal prudence in reducing pro-cyclicality, Barbados economy contracted 0.5% from Jan-Sept 2018, Cayman delivers fiscal surplus nearly double its target, Cuba revised tourist arrivals target down for 2018, DomRep will grow around 6.5% this year, Guyana’s 2019 budget projects higher public sector fiscal deficit, Jamaica posts another quarter of […]

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