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dc.titleCaribbean Region Quarterly Bulletin: Volume 8 Issue 2: June 2019
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.authorWaithe, Kimberly
dc.contributor.authorDeyal, Zubin
dc.contributor.authorGauto, Victor
dc.contributor.authorChristie, Jason
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.available2019-06-18T00:00:00
dc.date.issue2019-06-18T00:00:00
dc.description.abstractThe Year 2019 and Beyond • Following the recent strong performance of the global economy, forecasts are slightly less optimistic for the future. In addition, downside risks have increased and the likelihood of better than expected performance has declined. • The situation in the Caribbean has continued to improve. Although the projected average growth for 2019 has increased, trends in different countries vary considerably. Going forward, projections for the Caribbean, in general, have been revised downwards in line with the expected moderation of global economic growth. In addition, considerable differences are emerging in terms of policy because, starting in 2019, the tourism-dependent countries are expected to have positive primary balances. • The longer-term outlook remains subdued but positive. Predictions for the 2020-2023 growth are above the 2007-2018 averages for all the Caribbean countries analyzed here. Excluding Guyana, the IMF forecasts an average growth rate of 1 percent for the Caribbean countries during 2020-2023, well above the average rate (0.1 percent) over 2007-2018.Following the recent strong performance of the world economy, forecasts are slightly less optimistic going forward. In addition, downside risks have increased and the likelihood of better-than-expected performance has declined.
dc.format.extent45
dc.identifier.doihttp://dx.doi.org/10.18235/0001746
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Caribbean_Region_Quarterly_Bulletin_Volume_8_Issue_2_June_2019_en_en.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInflation
dc.subjectEconomic Development and Growth
dc.subjectGDP Growth
dc.subjectFiscal Policy
dc.subject.jelcodeO54 - Latin America • Caribbean
dc.subject.jelcodeO11 - Macroeconomic Analyses of Economic Development
dc.subject.jelcodeG18 - Government Policy and Regulation
dc.subject.jelcodeG38 - Government Policy and Regulation
dc.typeMagazines, Journals and Newsletters
idb.identifier.pubnumberIDB-JN-00052
idb.operationRG-P1740
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