MONTHLY NEWSLETTER

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 […]

Caribbean Economic Report, May 2018

  • May 23, 2018
Barbados faces General Election May 24 with international reserves at 22-year low, Cayman gov’t finances capital projects without debt amidst growth and fiscal surpluses, Cuba likely to be impacted by sanctions on Venezuela’s PDVSA, DomRep registers 6.4% GDP growth in Q1 2018, Guyana’s International Reserves lowest since 2009, Jamaica lowers policy rate, T&T faces declining […]

Caribbean Economic Report, March 2018

  • March 22, 2018
Crime will undermine even the most outstanding economic performance. Barbados foreign reserves continue downtrend; Cayman records 2.4% growth in 2017; DomRep’s international reserve up 28% y/y in January; BoJ lowers policy rate in February by 25bps; T&T’s reserves fall to the lowest level since May 2008.

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