Haiti, Guyana to Lead Caribbean Economic Growth in 2014: Report

Above: Haiti (CJ Photo)

By the Caribbean Journal staff

How will Caribbean economies fare in 2014?

The United Nations released its annual World Economic Situation and Prospects report this week, which projects GDP growth across Latin America and the Caribbean.

So which countries will take the lead in 2014? Guyana and Haiti, according to the report, much like last year.

Guyana and Haiti are both projected to grow by 4.5 percent in 2014.

In 2013, Haiti grew by 3.5 percent, while Guyana grew by 4.6 percent, according to the United Nations report. (The latter is slightly lower than a recent IMF report which estimated 4 percent growth for Haiti last year).

Overall in the Caribbean region, growth is projected at 3.3 percent in 2014.

Last year, growth for the Caribbean region was estimated at 2.4 percent in 2013, slightly slower than in the last two years.

Note: the UN only made projections for the larger countries in the region.

Source: UN