Search Result for: contraction

50 results found.

IMF: St Kitts and Nevis Economy to Recover in 2013 After Contraction in 2012

Above: Basseterre (CJ Photo) By the Caribbean Journal staff While St Kitts and Nevis’ economy contracted by 1.3 percent in 2012, the country is projected to see a recovery in 2013 with 2 percent growth, according to the International Monetary […]

Guyana Lowers Growth Projection for 2012, Citing Sugar Contraction

Above: Amaila Falls in Guyana By the Caribbean Journal staff Guyana has revised its 2012 growth projection downward from 4.1 percent to 3.8 percent, according to Finance Minister Dr Ashni Singh. The revision was a result of the country’s sugar […]

British Airways to Launch Daily Barbados Flights From Heathrow

British Airways will soon be serving Barbados with year-round, daily flights out of London Heathrow, Barbados tourism officials confirmed this week. The year-round daily flights will launch Oct. 17, according to Barbados Tourism Minister Lisa Cummins. “For more than 15 […]

How Barbados Is Preparing for Its Tourism Future

Every destination is working to prepare a plan for the eventual relaunch of tourism in a COVID-19 world. For Barbados, that means working on new health guidelines, continuing to market the destination digitally and even fast-tracking new hotel projects for […]

Zika: What You Need to Know

By Alexander Britell Much has been written and said of the mosquito-borne Zika virus in recent days, both noise and signal. But how is Zika relevant to the Caribbean traveler? That’s why we’re here to explain — both what you […]

The Caribbean’s Fastest-Growing Economy

What’s the fastest-growing economy in the Caribbean region? Right now, it’s the Dominican Republic, which saw GDP growth of 6.6 percent in 2015, the highest rate in the region, according to new data from the United Nations Economic Commission for […]

Grenada Getting $15 Million Loan For Growth, Climate Resilience

By Dana Niland CJ Contributor The World Bank Board of Directors has approved a $15 million Development Policy Credit and Loan (DPC/DPL) with Grenada. This financing aims to foster sustainable conditions for private investment, improve public resource management, strengthen the […]

Jamaica Reports Positive GDP Growth

Above: Kingston (Caribbean Journal photo) By the Caribbean Journal staff After the country’s economy saw a 0.3 percent contraction in the last quarter of 2014, Jamaica is now reporting positive growth for the first quarter of 2014. The Planning Institute […]

The Caribbean Riptide

By Ryan Peterson CJ Contributor Finance and governance. Economy and energy. Tell me it ain’t about the money. Tourism and environmentalism. Productivity and community. Tell me it ain’t about technology. Education and innovation. Nation and next generation. Tell me it […]

Productivity in Jamaica

By Dennis Chung CJ Contributor JAMAICA SEEMS set to pass the sixth International Monetary Fund (IMF) test, underlining the fact that we have, no doubt, been making progress in establishing the framework on which development must take place. I say this […]

Overcoming Poverty in Jamaica

By Dennis Chung CJ Contributor ACCORDING to the recently released 2012 Survey of Living Conditions (SLC), Jamaica has recorded an increase in poverty levels between 2009 and 2012. “The all-Jamaica individual poverty prevalence increased by 2.3 percentage points relative to […]

Op-Ed: Is It Time For Regional Ferry Service in the Caribbean?

By George Nicholson and Nayaatha Taitt Op-Ed Contributors One race (de Caribbean man) From de same place (de Caribbean man) Dat make de same trip (de Caribbean man) On de same ship (de Caribbean man) So we must push one […]

S&P Affirms Bermuda Rating; Outlook Remains Negative

Above: Bermuda By the Caribbean Journal staff New York-based Standard & Poor’s has affirmed its AA-/A-1+ rating on Bermuda, the ratings firm announced this week. The British Overseas Territory’s outlook remains negative, however, it said. “The ratings on Bermuda are […]

Bermuda Economy Contracted By 2-2.5 Percent in 2013: Report

Above: Bermuda By the Caribbean Journal staff Bermuda’s GDP contracted by between 2 and 2.5 percent in 2013, according to estimates from the island’s Ministry of Finance included in the recently-released National Economic Report. That was lower than the economy’s […]

IMF Projects “Continued Recovery in Tourism” in St Kitts and Nevis

Above: St Kitts (CJ Photo) St Kitts and Nevis is making “considerable progress” in its economic reform programme, according to the International Monetary Fund, which recently concluded a visit to the twin-island federation. The IMF mission, which began Jan. 20 […]

A New Vision For Jamaica

By Dennis Chung CJ Contributor THIS week I am going to look at the positive impact we can have on Jamaican development if we were to fix the crime and bureaucracy challenges I discussed last week. I will once again […]

Anguilla’s Economy Rebounds in 2013

Above: Anguilla By the Caribbean Journal staff After a difficult 2012, the economy of Anguilla appears to be moving toward recovery. The island’s economy is projected to grow this year by about 0.93 percent, following a contraction of more than […]

IMF: Economic Growth Slows in the Dominican Republic

Above: the Dominican Republic (CJ Photo) By the Caribbean Journal staff Economic growth in the Dominican Republic decelerated in early 2013, according to the International Monetary Fund, which recently concluded a post-programme monitoring discussion with the country. The deceleration came […]

Trinidad “On a Path of Recovery”

Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Trinidad’s local economy has grown in each of the last four quarters, and appears to be “on a path of recovery,” according to the country’s Central Bank. The Central […]

Dennis Chung: Behaviour and Economic Growth in Jamaica

By Dennis Chung CJ Contributor LAST SATURDAY I was with my cycling group for the ride out to Palisadoes and back. After getting to the airport roundabout we usually turn and go back to Harbour View before heading back to […]

Op-Ed: World Bank VP Hasan Tuluy on a Balanced Path to Caribbean Prosperity

By Hasan Tuluy Op-Ed Contributor The recent High Level Caribbean Forum in Nassau was the latest in a series of discussions to develop a road map for the region’s long-term economic growth while addressing persistent debt and fiscal issues. A […]

IMF: Signs of Economic Recovery in St Kitts and Nevis

Above: St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis’ economy is showing signs of growth after four years of contraction, according to the International Monetary Fund. The IMF concluded its fifth and sixth reviews of […]

Standard & Poor’s Lowers Barbados Outlook to Negative

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the outlook on its long-term rating on Barbados to negative, the New York-based ratings firm announced. S&P also announced that it had affirmed the country’s “BB+” […]

IMF: St Lucia to See Pick-Up in Agriculture, Tourism in 2013

Above: St Lucia By the Caribbean Journal staff Following a period of “anemic” activity since the beginning of the downturn, economic activity in St Lucia is poised to “regain some momentum in 2013,” according to the International Monetary Fund, which […]

Grenada Plans to Restructure Debt

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s government will undertake a “comprehensive and collaborative restructuring of its public debt, it announced this weekend. The government said “circumstances have forced” the move, which will include its US and […]

IMF: Antigua and Barbuda Economic Recovery to Continue in 2013

Above: Antigua (CJ Photo) By the Caribbean Journal staff Antigua and Barbuda’s real GDP grew by 1.6 percent in 2012, buoyed by a recovery in tourism and construction, and the country’s recovery will continue in 2013, according to the International […]

Dennis Chung: Jamaica’s Survival Under the International Monetary Fund

By Dennis Chung CJ Contributor AT THE END of December 2012, when it became clear no International Monetary Fund (IMF) deal was coming, I wrote an article titled “Jamaica without the IMF,” as I felt that it was important to […]

Eastern Caribbean Economies Contracted 0.1 Percent in 2012

Above: St Lucia By the Caribbean Journal staff Economic activity in the Eastern Caribbean Currency Union fell in 2012 for the fourth consecutive year, according to Sir K Dwight Venner, President of the Eastern Caribbean Central Bank. Real GDP in […]

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