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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.