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dc.titleCaribbean Economics Quarterly: Volume 13, Issue 1: Risks and Opportunities for Caribbean Economies in a Diverging World
dc.contributor.authorRosenblatt, David
dc.contributor.authorSaboin, José Luis
dc.contributor.authorOrtiz de Mendívil, Cloe
dc.contributor.authorMooney, Henry
dc.contributor.authorGauto, Victor
dc.contributor.authorTeixeira, Gisele
dc.contributor.authorClayton, Khamal
dc.contributor.authorIshii, Sota
dc.contributor.authorHussain, Lisa
dc.contributor.authorSatnarine-Singh, Nirvana
dc.contributor.orgunitCountry Department Caribbean Group
dc.coverageBahamas
dc.coverageBarbados
dc.coverageJamaica
dc.coverageGuyana
dc.coverageSuriname
dc.coverageTrinidad and Tobago
dc.coverageThe Caribbean
dc.date.available2024-05-29T00:05:00
dc.date.issue2024-05-29T00:05:00
dc.description.abstractCaribbean economies are experiencing continued growth into 2024 as the severe economic and social stress of the COVID-19 pandemic has receded. Meanwhile, global economic conditions may be diverging. For Caribbean economies, these divergent circumstances and policies could create both risks and opportunities moving forward. The much-anticipated lowering of global interest rates has not yet materialized. The U.S. economy is performing more strongly than expected, with inflation stuck above the 2 percent target. This is leading to the possibility that the U.S. Federal Reserve will further delay reducing the policy interest rate. After the strong economic recovery of 20212023, Caribbean economies continue to grow at a somewhat faster pace than Latin America and the Caribbean as a whole. Further work to strengthen macro frameworks is a fundamental precondition for growth. A renewed focus on regulatory reforms, human capital, and resilient infrastructure could make Caribbean economies “ready for take-off” to higher levels of growth. Country circumstances vary substantially, as noted in the country sections of this report.
dc.format.extent67
dc.identifier.doihttp://dx.doi.org/10.18235/0012988
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Caribbean-Economics-Quarterly-Volume-13-Issue-1-Risks-and-Opportunities-for-Caribbean-Economies-in-a-Diverging-World.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectEconomy
dc.subjectEconomic Impact
dc.subjectInflation
dc.subjectGross Domestic Product
dc.subjectFiscal Policy
dc.subjectTourism
dc.subjectFinancial Market
dc.subjectEconomic Recession
dc.subjectEconomic Policy
dc.subjectEconomic Recovery
dc.subjectFinancial Risk
dc.subjectFiscal Consolidation
dc.subject.jelcodeE00 - Macroeconomics and Monetary Economics: General: General
dc.subject.jelcodeE30 - Prices, Business Fluctuations, and Cycles: General
dc.subject.jelcodeE60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
dc.subject.jelcodeH12 - Crisis Management
dc.subject.jelcodeL83 - Sports • Gambling • Restaurants • Recreation • Tourism
dc.subject.jelcodeO54 - Latin America • Caribbean
dc.subject.keywordsCaribbean;Tourism;Economy;Globalization;Regionalization;Economic Development;growth
dc.typeMagazines, Journals and Newsletters
idb.identifier.pubnumberIDB-JN-00406
idb.operationRG-P1849
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