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, TotalEnergies announces USD9 billion investment in Suriname, T&T’s budget 2023/24 reveals aggressive stance toward FX repatriation…

MONTHLY REPORTS

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, 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…

Caribbean Economic Report, February 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 &...

Caribbean Economic Report, January 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…