economy

IMF Mission Visiting Jamaica
Flights

American Airlines Is Adding Nonstop Flights to a Caribbean Island Famous for Its Blue Water, Waterfront Resorts, and Unmistakable Character

 bahamas bimini

Some islands are defined by scale; Bimini is defined by stories. It’s the closest Bahamian island to the U.S., but it has always carried an outsized place in the Caribbean imagination — a strip of land where writers, activists, fishermen and wanderers have all left their mark. With American Airlines launching the only nonstop flights […]

economy

Trinidad and Tobago Economy "Embarking on Sustainable Growth Path"

Above: Port of Spain, Trinidad (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago’s economy is “embarking on a sustainable growth path,” the International Monetary Fund said following its Article IV Consultation with the country earlier this week. The IMF said that maintenance-related slowdowns in the country’s crucial energy sector were ending, while non-energy […]

economy

Caribbean Economies to Grow By 3.6 Percent in 2014: Report

Above: St Vincent and the Grenadines (Caribbean Journal photo) By the Caribbean Journal staff The Caribbean region is projected to see 3.6 percent growth in Gross Domestic Product this year, according to a mid-year update of the United Nations’ World Economic Situation and Prospects Report. The region’s 3.6 percent economic growth rate comes after an […]

economy

IMF: Dominican Republic Economy to Grow 4.5 Percent in 2014

Above: the Dominican Republic (CJ Photo) By the Caribbean Journal staff The Dominican Republic’s economy is projected to grow by 4.5 percent in 2014, according to a projection from the International Monetary Fund, which recently concluded a visit to the country. That projection comes after an estimated 4 percent GDP growth in 2013, according to […]

Caribbean Economies to Grow By 3.6 Percent in 2014: Report

Above: Port of Spain, Trinidad (CJ Photo) By the Caribbean Journal staff How big is the Caribbean economy? Last month, we took a look at the population of the Caribbean, examining the region through several different geographic definitions. Now that we’ve established the different ways the Caribbean is defined geographically, we thought we’d take a […]

IMF: Bahamian Economy Recovering at "Painfully Slow Pace"

Above: the Bahamas By the Caribbean Journal staff The economy of the Bahamas is recovering from the effects of the global financial crisis, but at a “painfully slow pace,” according to the International Monetary Fund, which recently concluded its Article IV consultation with the country. The fund said economic activity in the Bahamas should recover […]

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 contraction in 2012, when GDP fell by around 4.9 percent. The total number of jobs […]

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 2.61 percent in 2012, according to data from the Eastern Caribbean Central Bank. Anguilla, like […]

Political Independence and Economic Development in the Caribbean

 By Paul Hay CJ Contributor In 2003, Alvin G. Wint – former head of the Department of Management Studies at the University of West Indies, Mona Campus – noted in his book, “Competitiveness in Small Developing Economies: Insights from the Caribbean,” that dependent territories in the Caribbean typically have the smallest economies but the highest […]

S&P Downgrades Barbados Credit Rating; Economy "Back Into Recession"

 Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term rating on Barbados, the New York-based rating firm announced. The country’s long-term credit rating was lowered to “BB-” from “BB+” while Barbados’ outlook was negative. S&P said the downgrade reflected “mounting external pressures associated with a persistent current account […]

Jamaica's Big Risk

 By Dennis Chung CJ Contributor WHILE walking, or cycling, I often see people who ask me many questions relating to the economy, finances, or issues about my second book. In the last few weeks, though, I notice that the majority of questions have focused on the difficulty people are facing in the economy. My own […]

Is Jamaica on the Right Track?

 By Dennis Chung CJ Contributor OVER the past few weeks, I have been approached by many persons who ask the questions: What is happening to the economy? Is Jamaica headed in the right direction? Is it time for me to migrate? These questions have been influenced by the continued devaluation of the Jamaican dollar, increasing […]