Positive Growth Projected for St Kitts and Nevis in 2012: Report

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By the Caribbean Journal staff

The economy of St Kitts and Nevis is projected to grow at a rate of 1.5 percent next year, according to the Eastern Caribbean Central Bank.

While growth will be flat for 2011, the economy could return to a positive growth path next year, according to Prime Minister Dr Denzil Douglas.

Douglas said the pattern was consistent with trends seen in the wider OECS group.

Net Foreign Direct Investment also increased last year, to the tune of 35.5 percent, or 20.9 percent of GDP.