Haitian Economy to Grow 8 Percent in 2012: United Nations Report

By: - December 26th, 2011

By the Caribbean Journal staff

The Haitian economy is projected to grow 8 percent in 2012, following 4.5 percent growth in 2011, according to a report from the United Nations Economic Commission for Latin American and the Caribbean.

The total GDP growth rate is the largest projected growth rate for any country in Latin America and the Caribbean next year.

It represents a significant turnaround from 2010, when the country’s GDP contracted by 5.1 percent, largely due to the devastating earthquake in January of that year.

Regional growth for Latin America and the Caribbean is projected at 3.7 percent in 2012, following an estimated 4.3 percent growth this year.

Haiti

Jamaican Growth to Slow in 2012: Report

Above: Kingston By the Caribbean Journal staff Jamaica’s economy is projected to slow to 1 percent in 2012, down from a 1.3 percent rate in 2011, according to a report released this week by the United Nations’ Economic Commission for Latin America and the Caribbean. Some decline is likely because of the expiration of the […]

Haiti

Haiti, Canada to Partner on Housing

Above: a Habitat for Humanity house in Haiti (Photo: HFH) By the Caribbean Journal staff Habitat for Humanity Canada is working with Habitat for Humanity Haiti to help small businesses’ ability to meet demand for housing in the areas of Leogane and greater Port-au-Prince. The initiative will directly benefit approximately 3,400 Haitians. The project will […]

Haiti

Tortuga Unites Caribbean Operations

By the Caribbean Journal staff Rum company Tortuga has united its operations across the Caribbean, consolidating affiliates in Cayman, Jamaica, Barbados and Florida. The founders of Miami-based Tortuga Imports will lead the company, now called Tortuga International, with Marcus Simmonds as CEO and Monique Hamaty-Simmonds Chief Marketing Officer for Tortuga International. The company also announced […]

Grenadian Economy to Grow 2.5 Percent in 2012: Report

By the Caribbean Journal staff Grenada’s economy will grow 2.5 percent in 2012, according to a projection by the United Nations’ Economic Commission for Latin America and the Caribbean. The country’s economy grew 2.1 percent in 2011, according to an estimate by the organization; in 2010, the country showed 0.0 percent growth. The countries in […]

Op-Ed: Jake Johnston on Humanitarian Aid in Haiti: Supply and Demand

Above: A woman sits in front of her home at a camp for persons displaced by the January 2010 earthquake in Port-au-Prince (UN Photo/Logan Abassi) By Jake Johnston Op-Ed Contributor 
 “Donors and aid organizations prefer to be the boss of their own money. And they want to be in charge of how to spend […]

Jamaica Tourism to Focus on Health, Sports and Casino Gaming

 By the Caribbean Journal staff Grenada’s economy will grow 2.5 percent in 2012, according to a projection by the United Nations’ Economic Commission for Latin America and the Caribbean. The country’s economy grew 2.1 percent in 2011, according to an estimate by the organization; in 2010, the country showed 0.0 percent growth. The countries in […]

How Caribbean Health Impacts Caribbean Economies: Interview with the World Bank

 Above: the American University of Antigua School of Nursing By Alexander Britell Last month, the World Bank released a report about the way the growing problem of non-communicable diseases in the Caribbean is affecting the region’s economies. Chronic illnesses like heart disease, diabetes and obesity are the leading causes of death in the region, and […]