St Kitts and Nevis Economic Growth to Slow in 2012: Report

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By the Caribbean Journal staff

The economy of St Kitts and Nevis will grow 2.5 percent in 2012, according to a projection by the United Nations’ Economic Commission for Latin America and the Caribbean, down from 4.5 percent growth last year.

The countries in the Eastern Caribbean Currency Union grew by 1.5 percent in 2011, after two consecutive years of negative growth, driven primarily by brisker activity in the tourism sector.
The Eastern Caribbean is projected to grow 2 percent in 2012, with tourism activity having a positive spillover effect onto the rest of the area’s economy.

 

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