MONTHLY NEWSLETTER

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 […]

Caribbean Economic Report, October 2018

  • October 29, 2018
External public debt expands 31% y/y in Bahamas, Barbados targets 6% primary surplus under IMF program, Cayman economy expands 4.0% y/y in Q1 2018, Remittances to DR post double-digit growth YTD to August, Guyana’s reserves continued to decline in July, Jamaica’s economy grew 1.8% in the April-June quarter, Suriname’s interest payments rose 20% y/y in […]

Caribbean Economic Report, August 2018

  • August 12, 2018
Rising international oil prices stoke inflation throughout the region and induced a rise in , Barbados economy contracted in H1 2018 by 0.6%, Cuba’s economy grew 1.1% in H1, the policy rate was increased in DomRep, while economic activity expanded 6.7% y/y in H1 2018, Guyana’s foreign reserves dropped 19% YTD in June, Jamaica’s unemployment […]

Caribbean Economic Report, July 2018

  • July 1, 2018
Bahamas increased VAT rate takes effect July 1. Barbados announces fiscal adjustment of BBD1.2B. Cayman projects 8.4% growth in construction sector in 2018. DomRep continues broad-based growth with EAI up 6.6% y/y at May. Guyana’s growth fell to 2.2% in 2017, with a contraction in mining and weak agro performance. Jamaica registers 1.2% growth in Jan-Mar […]

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