IMF predicts economic growth for the Caribbean in 2015

By SNO Staff

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The International Monetary Fund (IMF) has predicted that most of the Caribbean region will experience economic growth in 2015.

This was revealed at the IMF’s biannual World Economic Outlook meeting held Tuesday last.

Growth in the region is expected to be an average of 1.3 per cent for 2014, the lowest rate since 2009 and 1.2 percentage points below the April 2014 period.

The IMF predicted that regional growth will pick up to 2.2 per cent in 2015, again 0.7 percentage points weaker than previously projected.

It also predicts that St. Lucia will suffer contraction of 1.1 percent in 2014, before bouncing back to expand by 1.4 percent next year.

Meanwhile, the Dominican Republic is once again projected to lead the region with a GDP growth rate of 4.2 percent.

Guyana is projected to be second in 2015 with a 3.8 percent growth rate. Haiti is also predicted to record growth at 3.7 percent in 2015.

The IMF forecasts a 0.6 percent contraction this year in Barbados, followed by weak growth of 0.5 percent in 2015.

Dominica will grow 1.4 percent this year and 1.8 percent in 2015, according to the IMF.

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7 comments

  1. Sadly, the region is at the mercy of these institutions which continually render false hope and simultaneously engineer the policies which restrict and stagnate the economies of our countries. We’re just a bunch of sheeple!!

  2. I note the absence of any party hacks. I mean you nomally talk shit, but it surprises me that not even that can come out. I guess we all have eat before we s—t.

  3. May I borrow that wee-gee board please?
    I want to win the Euro lotto.

  4. Is this a Kenny inspired plot to make St Lucians believe that Better Days will arrive in 2015????
    Gimmic Growth of not!!! SLP is tossed!!!

  5. Now that Europe seems to be going into a recession again, will our long-staying visitors make an appearance against a background of increasing domestic crime?

    And even so, if the expected growth fails to materialize does Kenny have an excuse?

    And even if the GDP figures do no rise, do we now have an excuse to default on our national debt? Will that stave off a need to go the IMF, cap in hand and swallow the hardships of the conditionalities imposed, so as to guarantee that we pay back the borrowed sums? Inquiring minds want to know.

  6. hmm ………..let us see . 2015 is around the corner

  7. KENNY WHERE YOU AT.YEAH SWEET ST LUCIA.WHERE WE AT “BETTER DAYS”

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