Search Result for: global economic prospects

26 results found.

Why It’s Time for Jamaica’s Economic Independence

A new kind of independence? By Dennis Chung CJ Contributor ON August 6, 1962, Jamaica gained political independence, and many people watched the Jamaican flag raised while the Union Jack was lowered for the last time. This symbolised Jamaica’s new-found […]

What Do Economic and Social Change Look Like in Jamaica?

By Dennis Chung CJ Contributor PERHAPS the question I get asked most frequently is about the economy and the prospects for it. One of the things I hate the most is when people engage you on the economy and ask […]

Ranking the Caribbean on Projected Economic Growth in 2014

Above: St Vincent and the Grenadines (CJ Photo) By the Caribbean Journal staff The World Bank released its mid-year Global Economic Prospects report on Tuesday evening, which included its updated growth projections for the Caribbean. Regionally, the Bank said growth […]

IMF: Dominica Economic Recovery Continues, But Losing Momentum

Above: Roseau (CJ Photo) By the Caribbean Journal staff Dominica’s economic recovery is continues, but it is losing momentum, according to the International Monetary Fund, which last week concluded its 2012 Article IV Consultation with the country. “Over the past […]

World Bank: Haiti’s Economy to Grow 6 Percent, Lead Caribbean in 2013

Above: Haiti (Photo: MT Haiti) By the Caribbean Journal staff Haiti will lead the Caribbean in economic growth in 2013, according to a forecast in the World Bank’s Global Economic Prospects report released Tuesday. That matches a projection by the […]

Editorial: Looking to Latin America

Brazilian air carrier TAM A Caribbean Journal editorial The shortest distance between Trinidad and Venezuela, at the Paria peninsula, is just seven miles. But as the World Bank’s most recent Global Economic Prospects report showed this week, the economic distance […]

Caribbean Must Shift Growth Strategy, according to World Bank Report

By the Caribbean Journal staff The Caribbean region, like the rest of the developing world, must refocus its strategies from crisis-fighting to structural reforms aimed at growth, according to this month’s Global Economic Prospects report from the World Bank. “Developing […]

Grenada to Begin Search for Oil

Grenada has announced its intent to begin searching for oil in its waters. Grenada Prime Minister and Minister of Energy Dr. Keith Mitchell announced the endeavor in a national address last week following tributes from IMF, World Bank, CDB and […]

A New Caribbean “Kokomo?”

By Ryan Peterson CJ Contributor Popularized by The Beach Boys during the early 90s, many have wondered whether ‘Kokomo’ is real or simply an imaginary place. Likewise, as the smaller economies of the Caribbean venture deeper into the 21st century […]

Trinidad Hosting Major Tech Conference

Senior Caribbean government technocrats will this week explore new mechanisms to use technology to foster development. The first Caribbean ICT Collaboration Forum, which is being convened by the Caribbean Telecommunications Union (CTU), will be held in Port of Spain, Trinidad and […]

Barbados Credit Rating Cut Again

Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados has seen its sovereign credit rating lowered again. New York-based Standard & Poor’s lowered the country’s long-term sovereign credit ratings to “B” from “BB-“, the ratings firm announced Friday. The […]

Medical Tourism in the Caribbean

By Paul Hay CJ Contributor The fifth “Global Ministerial Summit” was held in Washington, DC on Sept. 21. Ministers of health, tourism and economic development, trade commissioners, and health attachés from 25 nations gathered to discuss medical tourism challenges and […]

Caribbean Business in 2014

By Paul Hay CJ Contributor The article “Growth to Accelerate in Latin America and the Caribbean …”, in the Annual World Economic Situation and Prospects 2014 report of the UN Department of Economic and Social Affairs (UNDESA), indicates that Haiti […]

CARICOM is 40, But Who is Celebrating?

By Zhivargo Laing CJ Contributor The Caribbean Community (CARICOM) is celebrating 40 years of existence. But who is really celebrating? Certainly not the masses of Caribbean peoples, plagued with high levels of unemployment, crime, debt and anxiety about the future. […]

Op-Ed: The Caribbean’s “Depth” Crisis

By Zhivargo S. Laing Op-Ed Contributor WHILE GOVERNMENT DEBT remains worrisome for many Caribbean and Latin American countries, socio-economic depth may be the more serious worry for sustainable growth and development in the future. Socio-economic depth here refers to the […]

Hylton Urges Jamaican Businesses to Support Logistics Hub Project

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaican Industry Minister Anthony Hylton is calling on the local business sector to support the government’s proposed transshipment and logistics hub project. Hylton, who was speaking this weekend at the Jamaica […]

Dennis Chung: Business and Consumer Confidence in Jamaica

By Dennis Chung CJ Contributor LAST YEAR, when the Jamaica Chamber of Commerce (JCC) reported that consumer and business confidence were at their highest level for years, many persons were excited about the prospects. I remember speaking with Ralston Hyman […]

Barbados Finance Minister: Moody’s Downgrade “No Surprise”

Above: Parliament in Bridgetown (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service’s recent downgrade of Barbados’ debt to junk status was “no surprise” to the country’s Ministry of Finance, Minister Chris Sinckler said in a statement. Sinckler said […]

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: 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 […]

St Kitts and Nevis Cabinet Approves Three New Construction Projects

Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff The cabinet of St Kitts and Nevis has approved three construction projects that could bring a boost of approximately $42.6 million to the country’s local economy. One of the […]

Op-Ed: Jamaica’s Construction Industry

By Paul Hay Op-Ed Contributor In 2008, Dean Burrowes recorded his analysis of the global recession in “The Jamaican Construction and Real Estate Industry and the Impact of the Global Economic Crisis.” He noted that the bankruptcy of major US […]

Antigua and Barbuda to Receive $20.3 Million from International Monetary Fund

Above: Parliament in Antigua By the Caribbean Journal staff Antigua and Barbuda will receive a $20.3 million disbursement from the International Monetary Fund, following the fund’s completion of the fourth, fifth and sixth revues of the country’s economic performance under […]

International Monetary Fund: Trinidad’s Economy “Turning the Corner”

Above: St Augustine, Trinidad By the Caribbean Journal staff Despite “ongoing technical disruptions” in Trinidad’s energy sector, the country’s economy is showing positive signs, according to the International Monetary Fund, which completed a visit to conduct the 2011 Article IV […]

Interview with Turks and Caicos Islands Governor Damian Roderic Todd

By Alexander Britell In September, Damian Roderic “Ric” Todd was sworn in as the Governor of the Turks and Caicos Islands, succeeding Gordon Wetherell, who had served as governor since 2008. TCI, which saw its self-government suspended by the British […]

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 […]

Air Europa Is Adding More Nonstop Dominican Republic Flights