Search Result for: recession
94 results found.
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 […]
Barbados: “We Will Not Roll Over and Play Dead” in Economic Recession
Above: Finance Minister Chris Sinckler By the Caribbean Journal staff Barbados will not “roll over and play dead” during the current economic recession, according to Finance Minister Chris Sinckler. “That’s not the stance this government has, or will ever take, […]
For Cayman Islands Real Estate, a “Year of Opportunity”
“2023 can be described as a year of resilience,” Jeremy Hurst, the president and broker/owner of Cayman Islands-based IRG International, tells Caribbean Journal. “If you look at the past two decades with Hurricane Ivan here in 2004, the financial crash […]
Buyers Are Flocking to This Caribbean Beach Town
By Joe Pike, Special Contributor To access this content, subscribe now. Choose from two tailored subscription options: Caribbean Journal Invest for comprehensive investment news or Caribbean Journal Travel Advisor for targeted content for travel agents and advisors. Subscribe today to […]
St Barth Is Seeing a Real Estate Sales Surge
Across the Caribbean, high-net-worth buyers continue to acquire real estate, often seeing the region as a safe, secluded destination amid the global uncertainty. To access this content, subscribe now. Choose from two tailored subscription options: Caribbean Journal Invest for comprehensive […]
How the Pandemic Has Impacted Shipping in the Caribbean
The impact of the COVID-19 pandemic has been at every level of the Caribbean economy, from hotels and resorts to construction and real estate. But what about the shipping industry? As the movement of goods becomes even more essential, it’s […]
How Caribbean Real Estate Is Going Virtual
By Alexander Britell Beyond the ways the coronavirus pandemic has changed the way we move, shop and interact, it’s also changing the way real estate transacts. While much deal activity, particularly on the residential side, has slowed, the movement that […]
How Coronavirus Is Affecting Caribbean Hotel Projects
By Joe Pike, Special Contributor More than 130 hotel projects have been delayed in the Caribbean due to the ongoing coronavirus (COVID-19) pandemic, said Frank Comito, CEO and director general of the Caribbean Hotel and Tourism Association (CHTA). Comito, who […]
Op-Ed: A New Beginning for Puerto Rico
By Ricardo Álvarez-Díaz Two years ago last month, Hurricane Maria ravaged Puerto Rico, ultimately taking more than 3,000 lives. It also exposed the structural vulnerabilities of existing buildings, and further exacerbated the already painful impact of a more than decade-long […]
An All-Inclusive Private Sanctuary in Turks and Caicos
By Bob Curley CJ Contributor Providenciales in Turks and Caicos is known as one of the top luxury destinations in the Caribbean, and it got just a little bit posher in January with the opening of Ambergris Cay, a 10-villa […]
Nassau’s Airport Is Setting New Passenger Records
By the Caribbean Journal staff Nassau’s Lynden Pindling International Airport is seeing a passenger boom, according to new data. The airport has seen a record-breaking December and January, with arrivals higher than pre-recession levels. That amounted to 151,454 passengers in […]
Caribbean Hotel Industry Bullish for 2018
By Alexander Britell SAN JUAN — After a mixed bag of results in 2017, the Caribbean hotel industry is bullish on its prospects for 2018, according to Frank Comito, CEO of the Caribbean Hotel and Tourism Association. Comito, who was […]
Jamaica’s Growth: Same Problems, Same Solutions
On Jamaican growth By Dennis Chung CJ Contributor The World Economic Forum has just published the 2016/17 Global Competitiveness Report (GCR), and it shows that Jamaica has improved its ranking from 86 of 140 countries to 75 of 138 countries. […]
Grenada Eyes More Tourists From Canada
Grenada is looking to boost its arrivals from Canada. The country’s Grenada Tourism Authority sent a three-member delegation this week to Toronto to promote its tourism sector in Canada, led by CEO Rudy Grant. “At the end of 2015, Canada moved […]
Getting the Facts Straight on Zika in Puerto Rico
By Clarisa Jimenez Op-Ed Contributor “Ground Zero?” “Pandemic?” “Hundreds of thousands of cases of Zika virus in Puerto Rico this year?” “Puerto Rico is not prepared!” None of the statements above reflect the situation on the ground in Puerto Rico. […]
Barbados Signs $10 Million Loan Deal With IDB
Barbados has signed a pair of agreements with the Inter-American Development Bank for $10 million in loan financing. The funding will finance a programmed aimed at strengthening “human and social development” on the island, according to a government statement. Barbados […]
Foundations for Prosperity in Jamaica
A new approach By Dennis Chung CJ Contributor The World Bank recently released a paper called “Jamaica Economic Update Fall 2015”, in which it gave an update on the Jamaican economy and spoke to the necessity to achieve higher levels […]
Why Has Growth Been So Elusive for Jamaica?
Jamaica’s growth problem By Dennis Chung CJ Contributor SINCE the early 1970s, Jamaica has suffered from an anaemic growth rate of less than one per cent per annum. This despite many prescriptions and attempts by various governments, and promises by […]
What Are Jamaica’s Options on Public-Sector Wages?
By Dennis Chung CJ Contributor ONCE again the public sector wage negotiation is the main topic of the day in Jamaica. This was also the case in 2004, when the first round of wage freezes was agreed. Then, just like […]
The State of Aruba’s Economy
Above: Aruba By the Caribbean Journal staff Aruba’s economy is “recovering gradually” from a “severe double-dip recession,” according to the International Monetary Fund, which recently concluded its 2015 Article IV Mission to the Dutch Caribbean island. The recession was recovered […]
Turks and Caicos is the Caribbean’s Fastest-Growing Tourism Destination
Above: the Turks and Caicos Islands By Alexander Britell MIAMI — The Turks and Caicos Islands is the fastest-growing tourism destination in the wider Caribbean region, Caribbean Journal has learned. The Turks and Caicos Tourist Board reported a 50 percent […]
The Caribbean Glass Ceiling
By Marcia Forbes, PhD CJ Contributor Women Less than 5% of CEOs & 50 to 100 years for parity In its Jan. 2015 report, the International Labour Organization (ILO) announces a gaining momentum of women in business and management across […]
These are Four Clear Ways to Stimulate Development in Jamaica
By Dennis Chung CJ Contributor MOST times when we speak about economic and social development, many of us think about the cost of infrastructure or costs associated with the government providing stimulus to the economy. Or if we talk about […]
Caribbean Youth and Unemployment
By Marcia Forbes, PhD CJ Contributor As a member of the Inter-American Development Bank’s Civil Society Consultative Committee I was invited to present at the ‘XIV Reunion BID – Sociedad Civil’ in Nicaragua late 2014. The following are excerpts from […]
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 […]
How Many People Visited the Caribbean in the First Half of 2014?
By the Caribbean Journal staff Tourist arrivals to the Caribbean rose by 4.3 percent in the first half of 2014, compared to the same period in 2013, according to data released by the Caribbean Tourism Organization. The data was released […]
Op-Ed: Can Jamaica Realize Its Potential?
By S Brian Samuel Op-Ed Contributor ECONOMISTS CANNOT read the future, no matter what they say; but they can read the past. And one thing we know from the past is that markets continually go through economic cycles. Booms and […]
IMF: “Substantial Strides Have Been Made” in St Kitts and Nevis
Above: downtown Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis has made “substantial strides” sing its home-grown economic programme, according to the International Monetary Fund. The IMF recently concluded its ninth and final review […]
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