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dc.titleCaribbean Region Quarterly Bulletin: Volume 7: Issue 2: June 2018
dc.contributor.authorSchmid, Juan Pedro
dc.contributor.authorWright, Allan
dc.contributor.authorBollers, Elton
dc.contributor.authorKhadan, Jeetendra
dc.contributor.authorSmets, Lodewijk
dc.contributor.authorMooney, Henry
dc.contributor.authorGiles Álvarez, Laura
dc.contributor.authorSchwartz, Moises
dc.contributor.authorWaithe, Kimberly
dc.contributor.orgunitCountry Department Caribbean Group
dc.coverageTrinidad and Tobago
dc.coverageJamaica
dc.coverageGuyana
dc.coverageBahamas
dc.coverageBarbados
dc.coverageSuriname
dc.coverageThe Caribbean
dc.date.available2018-06-27T00:00:00
dc.date.issue2018-06-27T00:00:00
dc.description.abstractThe year 2017 brought mixed results for the countries of the Caribbean Country Department of the Inter-American Development Bank, and the situation remains similar in 2018. While The Bahamas, Barbados, and Jamaica have been benefiting from strong world demand and still low commodity prices, they are also dealing with fiscal challenges resulting from high debt-to-GDP ratios and related vulnerabilities. At the same time, Suriname and Trinidad and Tobago were still experiencing recessions. Guyana has become an outlier in the region because, based on strong gold prices and the prospect of revenues from oil extraction scheduled for 2020, the country has been experiencing strong economic growth, partly as a result of fiscal expansion. In 2018, recovery has strengthened for commodity producers, while tourism-dependent countries have been performing relatively well but with continuously subdued growth rates. The situation in Barbados has intensified as a new government has had to tackle both external and fiscal challenges that are beginning to threaten macroeconomic stability. The outlook for the countries of the IDB’s Caribbean Country Department is relatively positive. However, deep structural reforms to diversity the economies and make them more competitive would be necessary for these countries to start growing at higher rates. In addition, still recovering from the last economic and fiscal crisis, the countries are in general ill-prepared to weather external shocks.
dc.format.extent45
dc.identifier.doihttp://dx.doi.org/10.18235/0001180
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Caribbean-Region-Quarterly-Bulletin-Volume-7-Issue-2-June-2018.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInflation
dc.subjectLocal Economic Development
dc.subject.jelcodeE62 - Fiscal Policy
dc.subject.jelcodeH60 - National Budget, Deficit, and Debt: General
dc.subject.jelcodeO11 - Macroeconomic Analyses of Economic Development
dc.subject.jelcodeO23 - Fiscal and Monetary Policy in Development
dc.subject.jelcodeO54 - Latin America • Caribbean
dc.typeMagazines, Journals and Newsletters
idb.identifier.pubnumberMagazines, Journals & Newsletters
idb.operationRG-P1704
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