Caribbean Economic Report, February 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 to B+ with stable outlook. Suriname’s external position remains weak in spite of 42% y/y growth in reserves.