St. Kitts and Nevis fastest growing economy in the OECS; St. Lucia in second

CUOPM


St. Kitts and Nevis is projected to be the fastest growing economy among the countries of the Organisation of Eastern Caribbean States (OECS) in 2014.

The United Nations Economic Commission for Latin America and the Caribbean (ECLAC), unveiling its updated projections for 2014, indicated St. Kitts and Nevis is the fifth fastest growing economy among 16 Caribbean nations.

ECLAC projects St. Kitts and Nevis will register a GDP growth of 3.1 percent, topping the pack among the countries of the Eastern Caribbean Currency Union (ECCU).

Second is St. Lucia, 2.3 percent; Grenada, 1.9 percent; Antigua and Barbuda, 1.6 percent; St. Vincent and the Grenadines, 1.5 percent and Dominica, 1.2 percent. Leading all Caribbean countries is the Dominican Republic with a projected GDP growth of 5 percent in 2014.

Guyana was second in the Caribbean region with a projected GDP growth of 4.5 percent, followed by Suriname at third with 4.4 percent; Haiti, fourth at 3.5 percent and St. Kitts and Nevis, fifth at 3.1 percent.

Sixth, Belize, 2.5 percent; seventh, The Bahamas, 2.3 percent; seventh, St. Lucia, 2.3 percent; eight, Trinidad and Tobago, 2 percent; ninth, Grenada, 1.9 percent; tenth, Antigua and Barbuda, 1.6 percent; eleventh, St. Vincent and the Grenadines, 1.5 percent; twelfth, Cuba, 1.4 percent; 13th, Dominica, 1.2 percent; 14th , Jamaica, 1.2 percent and Barbados, the slowest-growing economy at 15th, with a projected growth of just 0.5 percent this year.

The report said it cut its regional growth forecast for Latin America and the Caribbean to 2.2 percent, down from its April estimate of 2.7 percent.

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15 comments

  1. Yes "love" and one who speaks the truth is more of a patriot to those who speak with forked tongues to achieve their wicked intentions. After all if Eve didn't feel comfortable with the devil she would have never made Adam eat the fruit even if she knew it to be wrong. Careful what you teach our children cause they can get that exact info off the internet. Studies done does indicate that younger more educated people mainly use the internet for education, business, research while older less educated people use it primarily for social reasons including gossip and spreading propaganda. This is why more young people are leaving social media sites such as face book. Now go do some real homework.

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  2. Idiots once again I am petrified by your stupidity. Isn't that a forecasted rate? Plus isn't that a forecasted rate at which the economy IS GROWING. This is no measure of actual growth as this is only the rate at which it was growing.

    Do not make all St. Lucians to be idiots as I noticed you were the first to post the first hurray to your king but not trying to burst your bubble. Same way an economy which is growing rapidly can also spell economic disaster. Check Japan, China does not mean the rate of growth is real growth. Buts lets just wait to get the real figures as this are just forecasts. We can if we wish release the IMF report then we will get an update on real situation. But we won't because we won't be able to say hail to the king, would we?. "Better Days" was also a forecast which many believed.

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  3. One's reaction to this positive news should help determine who puts country before self or vise versa.

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  4. This positive news will make some chill. Why not crave for the best for the island. Lucian to the end.

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  5. fools never like positive news jackasses thrive on negativity well done lucia keep it up

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  6. we being second doesnt mean shit look how most of us crying there things hard if the economy really rising then its a slow thing very slow i mean look at those numbers they not even big choops

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  7. I concur "any benchmark being used to measure growth should be reflected on the common man" Will said.. Now ditch de party..

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  8. Well if so there is no need to reduce salaries by 5%. The VAT is brining in revenue. Did Dominica remove income tax, if so why not St.Lucia?

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  9. That prediction is based on information given by the Min. Of Finance to ECLAC. I remember the stimulus package was one of governments plans to boost the Economy in 2012/2013 and in my view made more harm than good. Though I have not heard any recent plans from Gov't to revamp the economy, we can just hope for the best.

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  10. If St.Lucia second then other Caribbean islands must rell be in problems. I refuse to believe we growing!

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