Monthly Newsletter Archive - Marla Dukharan


Caribbean Economic Report, August 2023

  • August 14, 2023
Bahamas growth improving, debt high and unsustainable; Barbados recovery slow and tourism-based; Cayman facing rising inflation; Guyana falling deeper into the resource curse; Jamaica progressing on reducing debt as economy recovers; Suriname facing high debt, weak growth, high inflation. T&T has lost USD23 billion in foreign currency through Errors & Omissions since 2011.

Caribbean Economic Report, May 2023

  • May 12, 2023
We have updated our forecasts and outlooks for all countries. Trinidad & Tobago’s economy remains highly vulnerable to hydrocarbon prices. Food price inflation remains in the double-digits across most of the region. Guyana at 37% and Barbados at 4.9% are projected to lead regional growth this year…

Caribbean Economic Report, March 2023

  • March 30, 2023
Tourism continues to rebound throughout the region, but what does it really mean for our economies? Protests in Suriname, IMF Article IV concluding statements for T&T, inflation eases in Bahamas, DomRep, Jamaica…

Caribbean Economic Report, February 2023

  • February 23, 2023
2022 GDP growth was 10% for Barbados and 4.9% for the Dominican Republic. Jamaica’s Q4 2022 growth is estimated at 3.4% y/y. Moody’s affirmed Suriname’s Caa3 rating and revised the outlook to stable. Foreign exchange pressures continue to build in Trinidad & Tobago and The Bahamas…

Caribbean Economic Report, January 2023

  • January 19, 2023
Growth continues in Q3 at 5.9% y/y for Jamaica and 5% for DomRep, T&T sets record for homicides in 2022, Cuba achieves only half targeted GDP growth…

Caribbean Economic Report, November 2022

  • November 8, 2022
Supply-side inflationary pressures continue to build across the Caribbean, enhanced by currency depreciation in Suriname and Cuba. Bahamas downgraded (Moody’s), Barbados affirmed (Fitch), Jamaica affirmed (S&P)…

Caribbean Economic Report, September 2022

  • September 25, 2022
Bahamas and T&T each with ~USD1 billion in Net Errors & Omissions on the Balance of Payments in 2021; strong tourism recovery continues in Jamaica, DomRep and Bahamas; fiscal budget expectations for Trinidad & Tobago…

Caribbean Economic Report, August 2022

  • August 16, 2022
DomRep surpasses 2019 tourism levels in July, aging populations challenge Cayman and Barbados, major fire in Cuba poses new economic difficulties, the JMD and DOP have appreciated vs the USD, fiscal upside from high O&G prices for T&T to be partially offset by low production, subsidy costs, and HSF contributions…

Caribbean Economic Report, June 2022

  • June 22, 2022
Bahamas faces rising debt and high arrears, Barbados’ tourism could soften based on high UK inflation, Guyana’s food inflation reached 14% amidst rising food insecurity, T&T’s low energy production and weak non-energy sector highlight the need for urgent reforms. 

Caribbean Economic Report, April 2022

  • April 24, 2022
The IMF is expecting global growth to slow from 6.1% in 2021 to 3.6% in 2022-23 and 3.3% over the medium-term. Jamaica’s inflation reached 10.7% in Feb 2022, prompting the BoJ to raise its policy rate by 50 basis points in March to 4.50%. Similarly, DomRep’s policy rate was raised from 5% to 5.50% in […]


Stay up-to-date with Marla's monthly analysis on key Caribbean economies.

You have been added to Marla’s monthly report distribution