Bahamas’ fiscal deficit for the first 3 months of FY2025 was 166% higher than overall budgeted deficit; Bermuda re/insurance sector has sufficient capital to keep credit rating stable; Barbados’ real growth up 4% in 2024 but cost of living 3rd highest regionally;...
Monthly Reports
Caribbean Economic Report, November 2024
Barbados’ YTD homicides up 125% y/y & Jan-Sept growth at 3.9% y/y; Bermuda to update Corporate Income Tax framework; T&T’s money supply to reserves ratio approaching thrice the exchange rate, and foreign exchange reserves would be negative in the absence of...
Caribbean Economic Report, October 2024
Bermuda's Govt expects to record the first balanced budget in 21 years; S&P revised Jamaica's outlook from stable to positive, and affirmed The Bahamas’ B+ rating with a stable outlook; Moody's upgraded Suriname's rating from Caa3 to Caa1; T&T heading for a...
Caribbean Economic Report, September 2024
T&T’s external debt and homicide numbers reach record highs; Bermuda recorded its 6th consecutive quarter of real growth; Guyana’s growth projections for 2024 move higher than initial estimates; Barbados’ labour force participation rate fell; Dom. Rep. employment...
Caribbean Economic Report, July 2024
Bermuda's economy grew for the 5th consecutive quarter in Q4 2023; Bahamas nominal GDP still lags 2019 for several islands; DomRep expects USD4.5 billion in FDI this year; Guyana oil production expected by S&P to peak in 2037 at 2.3 million boe/d; Jamaica likely...
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, February 2024
GDP growth outlooks updated for 2024. All major Caribbean economies grew in 2023 except Cuba…
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,...