Caribbean Economic Report, March 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, Jamaica’s primary surplus target reduced, Suriname assigned stable outlook from Moody’s, B2 rating affirmed, T&T has lost over USD4 billion on reserves since 2014.

MONTHLY REPORTS

Caribbean Economic Report, June 2024

The cause of Haiti's turmoil, Bahamas external debt and trade deficit are rising, Barbados meets quantitative targets under IMF, Cayman fiscal revenue outperforms target, Dom Rep's economic activity at highest levels since 2021, Govt of Guyana requests supplementary...

Caribbean Economic Report, April 2024

IMF updates growth projections, Fitch upgrades Jamaica and maintains positive outlook, but highlights risks to Barbados from State Owned Enterprises contingent liabilities, T&T’s FX reserves would approach zero if not for USD borrowing and drawdowns from the HSF.

Caribbean Economic Report, December 2023

Fitch raises its outlook for Barbados and DomRep ratings, S&P upgrades Suriname to CCC+ following debt restructure, Moody's upgrades Jamaica, Guyana's oil production could triple by 2028…

Caribbean Economic Report, October 2023

Barbados upgraded by Moody’s to B3 with a stable outlook, Jamaica upgraded to BB- by S&P, S&P stresses Bahamas’ high dependence on tourism at 40% of GDP, Cuba’s power shortages continue to stunt growth, DomRep growth forecast lowered to 3% for 2023,...

Caribbean Economic Report, August 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...

Caribbean Economic Report, May 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...

Caribbean Economic Report, March 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…