Search Result for: economic outlook

98 results found.

IMF: Tourism Uptick, New Construction to Lead St Kitts and Nevis Recovery

Above: St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund lowered its growth estimate for St Kitts and Nevis in 2012 from -0.7 percent to -0.9 percent, but an economic recovery is reportedly on the way […]

Barbados’ Bonds Downgraded to “Junk” Status by Moody’s

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados’ credit has been downgraded to “junk” status by Moody’s Investors Service. The downgrade lowered the country’s foreign and local currency bond ratings to Ba1 from Baa3. A junk bond, or one […]

IMF Lowers Haiti GDP Projection, Citing Storms, Public Capital Spending

Above: flooding like that during Hurricane Sandy impacted Haiti’s GDP growth this year (UN Photo/Logan Abassi) By the Caribbean Journal staff Real GDP growth in Haiti has slowed to 2.5 percent in 2012, down from an earlier projection that the […]

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: “Slow Recovery May Be Underway” in St Vincent and the Grenadines

Above: Bequia (Photo: Discover St Vincent) By the Caribbean Journal staff Economic indicators suggest that a “slow recovery may be underway” in St Vincent and the Grenadines, according to the International Monetary Fund, which recently concluded a visit to the […]

Bahamas Government: Ratings Revision Unfortunate, But Not Unexpected

Above: Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s decision Monday to lower its outlook on the Bahamas to negative was unfortunate, but not unexpected, according to a statement from the Bahamian government. The government said it […]

S&P: Lack of IMF Agreement “Detracting” from Jamaica’s Creditworthiness

Above: Kingston By the Caribbean Journal staff Standard & Poor’s this week raised the short-term sovereign credit rating on Jamaica to “B” from “C.” The ratings firm also affirmed its “B-” long-term foreign and local currency ratings, along with holding […]

Following HOVENSA Closure in St Croix, Valero Suspends Refining in Aruba

Above: the Valero refinery in Aruba By the Caribbean Journal staff Following the closure of the HOVENSA refinery in St Croix last month, another Caribbean refinery will be shutting down. Valero Energy Corporation announced that refining operations at its 235,000-barrel-per […]

Standard & Poor’s Lowers Credit Rating on Belize, Citing Politics

By the Caribbean Journal staff Standard & Poor’s has lowered its long-term foreign and local currency sovereign credit ratings on Belize to CCC+ from B-, with its outlook “stable.” The ratings firm pointed to an announcement by Prime Minister Dean […]

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 […]

S&P Lowers Bahamas Sovereign Rating

By the Caribbean Journal staff Standard & Poor’s today lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, calling the country’s outlook “stable.” The ratings agency cited economic vulnerabilities given a dependence on tourism and on the US market, […]

Norman Girvan on Irwin LaRocque and the Necessity of a Caribbean Parliament

Dr Norman Girvan, Professor Emeritus of the University of the West Indies, is one of the foremost experts on Caribbean political economy. Girvan, who was formerly the Secretary General of the Association of Caribbean States, was appointed last year as […]

Cristina Savescu, World Bank Economist, on Caribbean Growth

By Alexander Britell Earlier this week, the World Bank released a report on growth prospects for Latin America and the Caribbean. That macro region had three distinct areas – Latin America itself, which is in the midst of an economic […]

Study: Caribbean Will See 7.4 Million Travelers in Next Ten Years

Anguilla The Caribbean could see as many as 7.4 million visitors in the next ten years, according to a joint study by Ypartnership and the U.S. Travel Association. “There is no way the current capacity can handle that, so it’s […]

The Caribbean’s Most Exciting New Rooftop Bar Is In Antigua