St Lucia’s Economy to Grow 3.5 Percent in 2012: Report

By: - December 27th, 2011

By the Caribbean Journal staff

Saint Lucian total GDP is projected to grow 3.5 percent in 2012, following an estimated 2.6 percent growth in 2011, according to a report from the United Nations’ Economic Commission for Latin America and the Caribbean.

In 2010, the economy grew at 3.2 percent, following a 1.1 percent drop in 2009.

The Eastern Caribbean Currency Union overall is projected to grow at 2 percent in 2012.

Total growth in the Caribbean region is projected at 1.7 percent next year, according to ECLAC’s data.

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.

St. Lucia

Anthony: Tackling Crime a Priority

By the Caribbean Journal staff Tacking St Lucia’s crime problem is a major priority for the government, new Prime Minister Dr Kenny Anthony said this week. Anthony said he would focus on sustaining efforts at crime prevention, detection and crime solving, including increasing the capacity of the police force and strengthening the justice system. “We […]

St. Lucia

St Lucia Could Get Universal Preschool

By the Caribbean Journal staff New St Lucia Prime Minister Kenny Anthony said he would place an emphasis on developing the “human resource” of the state, aiming to allow citizens to explore their full potential. “We have already signaled our intention to introduce universal pre-school education on the heels of the Universal Secondary Education during […]

St. Lucia

St Lucia's Anthony Names Cabinet

Above: Prime Minister Dr Kenny Anthony, Foreign Minister Alva Baptiste and Commerce Minister Emma Hippolyte By the Caribbean Journal staff New St Lucian Prime Minister Dr Kenny Anthony named his new cabinet yesterday, which was sworn in at a ceremony in Parliament. Anthony’s St Lucia Labour Party regained power by winning the country’s elections last […]

St Lucia's Arnold Henry on Life, Basketball and His New Book

 By Alexander Britell After an extremely difficult childhood growing up in Castries, St Lucia, Arnold Henry became the first St Lucian to receive a Division 1 Men’s College Basketball scholarship in the United States as a freshman at the University of Vermont. Since finishing college in 2009, Henry has worked to inspire others to overcome […]

Preliminary Results: St Lucia's SLP, Kenny Anthony Return to Power

By the Caribbean Journal staff Preliminary results from the St Lucian election show former Prime Minister Dr Kenny Anthony’s St Lucia Labour Party has defeated the ruling United Workers Party to regain control of the government, according to the country’s Electoral Department. The early totals show a victory of nine seats for Anthony and eight […]

OAS Says St Lucian Campaign Finance Rules in a "Gray Zone"

By Alexander Britell After an extremely difficult childhood growing up in Castries, St Lucia, Arnold Henry became the first St Lucian to receive a Division 1 Men’s College Basketball scholarship in the United States as a freshman at the University of Vermont. Since finishing college in 2009, Henry has worked to inspire others to overcome […]

Elections Begin in Guyana, St Lucia

Above: clockwise, from left: St Lucia PM Stephenson King, Opposition Leader Dr Kenny Anthony. Guyanese Presidential Candidates Khemraj Ramjattan and Donald Ramotar, St Lucian UWP Candidate Spider Montoute and Guyanese Presidential Candidate David Granger By the Caribbean Journal staff Voters in St Lucia and Guyana head to the polls today for elections, with both votes […]