Search Result for: contraction

50 results found.

Dennis Chung: Jamaica’s Policy Options

By Dennis Chung CJ Contributor THERE ARE TWO THINGS of importance to Jamaica that occurred over the past two weeks which will have an effect on what happens to our economy going forward. The first is the update on the […]

Dennis Chung: Avoiding Economic and Social Decline in Jamaica

By Dennis Chung CJ Contributor JAMAICA IS ONCE AGAIN at an economic crossroads. Only this time it is more critical that we take the correct path, as the wrong one today leads over a precipice. The last time we were […]

Chicago Tribune Editorial Calls Jamaica “Greece of the Western Hemisphere”

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is the “Greece of the Western Hemisphere,” according to an editorial published Tuesday by the Chicago Tribune newspaper. The editorial, subtitled “The Greece of the Western Hemisphere,” said that while […]

Dennis Chung: Jamaica’s Economy in 2013

By Dennis Chung CJ Contributor ONE QUESTION I get a lot is: what is to be expected of economic performance in Jamaica in 2013? In particular, people want to know about the IMF agreement, the exchange rate, inflation, and GDP […]

IMF: St Kitts and Nevis Makes “Significant Progress” on Debt Restructuring

Above: Nevis (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis has made “significant progress” on restructuring the country’s public debt, according to the International Monetary Fund, which recently completed its fourth review of the country’s economic performance […]

IMF: Antigua and Barbuda’s Economy Expected to Recover “Gradually”

Above: downtown St John’s (CJ Photo) By the Caribbean Journal staff Antigua and Barbuda’s economy is expected to recover “gradually” this year, according to the International Monetary Fund, which recently completed its seventh review of the country’s economic performance under […]

IMF Downgrades 2012 Growth Outlook for St Kitts and Nevis

Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund has downgraded its growth outlook for St Kitts and Nevis for 2012 from 0 to -0.7 percent, it said following the conclusion of a mission […]

Haiti’s GDP to Grow 6 Percent, Continue to Lead Region in 2012: ECLAC

Above: construction work on Wharf Jeremy in Haiti’s Port-au-Prince (UN Photo/Logan Abassi) By the Caribbean Journal staff Haiti’s economy is projected to grow 6 percent in 2012, followed by 7.5 percent GDP growth in 2013, according to the Economic Survey […]

Talking Caribbean Real Estate With Coldwell Banker’s Jim Reed

Above: the “Happy Ours” home on Harbour Island in the Bahamas (Listing: Coldwell Banker) While the Caribbean real estate market was impacted by the recession, it is beginning to show signs of growth. And at the centre of the regional […]

Guyana’s GDP Grew By 2.8 Percent in First Half of 2012: Report

By the Caribbean Journal staff Guyana’s economy grew 2.8 percent in the first six months of 2012, according to a report from Finance Minister Dr Ashni Singh. “This growth reflects continued progress on the diversification of the productive sector, where […]

Jamaican Growth Flat in Second Quarter

Above: Planning Institute of Jamaica Director General Dr Gladstone Hutchinson (FP) By the Caribbean Journal staff Jamaica’s economy grew by 0.1 percent in the second quarter, according to data released by the Planning Institute of Jamaica. PIOJ Director General Dr […]

Op-Ed: Jamaica, Greece and Putting the People Before the Creditors

By Jake Johnston Op-Ed Contributor Jamaica is barely emerging from its worst economic downturn in the last 30 years. Even after positive growth returned in 2011, the economy remains 3 percent below its 2007 level, and with anaemic growth projected […]

Jamaica’s Debt Interest Payments Were World’s Highest in 2011: Report

Above: Kingston By the Caribbean Journal staff Jamaica’s “unsustainable public debt burden” continues to displace needed investments, preventing long-term growth, according to a new paper from the Center for Economic and Policy Research. In 2011, Jamaica had the highest debt […]

Trinidad and Tobago Showing Signs of Economic Recovery: IMF

By the Caribbean Journal staff Trinidad and Tobago’s economy is turning the corner, with growth expected to resume in 2012, according to the International Monetary Fund. The fund recently concluded its Article IV Consultation discussions with Trinidad. After contraction of […]

Trinidad and Jamaica Meet in Qatar to Discuss Trade, Caribbean Court of Justice

Above: Jamaican Foreign Minister AJ Nicholson (JIS Photo) By the Caribbean Journal staff Jamaican Foreign Minister AJ Nicholson met Friday in Doha with Trinidad Trade Minister Stephen Cadiz to discuss a range of issues, including regional trade and CARICOM. According […]

Bermuda GDP Falls Again in 2011, But Tourism Industry a Bright Spot

Above: Bermuda (Photo: BT) By the Caribbean Journal staff Bermuda’s economy contracted by an estimated rate of between 1.5 and 2.5 percent in 2011, following a 1.9 percent decline in 2010, according to the National Economic Report of Bermuda 2011 […]

IMF: St Kitts and Nevis Outlook “Favourable,” September Targets Met

By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its first review of St Kitts and Nevis’ economic performance under a 36-month Stand-by Arrangement. The completion of the review allows the immediate disbursement of $17.6 million, […]

Haitian Economy Grew 5 Percent in 2011

Above: workers in Haiti (Photo: Clinton Bush Haiti Fund) By the Caribbean Journal staff Haitian GDP grew by 5 percent in 2011, according to the International Monetary Fund, which recently held discussions for extended credit facility reviews in Port-au-Prince. “Economic […]

Riu Just Opened Its Newest All-Inclusive in Jamaica