Caribbean Region Quarterly Bulletin: Commodities in the Caribbean: Volume 6: Issue 2: June 2017
Schmid, Juan Pedro; Wright, Allan; Waithe, Kimberly; Wenner, Mark D.; Clarke, Dillon; Khadan, Jeetendra; Pradelli, Juan Jose
This issue of the Caribbean Region Quarterly Bulletin explores the importance of commodities for the region’s countries. While the Caribbean includes commodity producers, most members depend heavily on energy imports. The fall in oil prices was a huge relief for these countries, improving the external position, keeping prices stable and increasing the purchasing power for households. At the same time, Suriname and Trinidad and Tobago were hit hard with falls in exports, revenues, and economic contractions. As usual, the Quarterly Bulletin also covers recent economic developments in The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago, and includes a section on the Organisation of Eastern Caribbean States (OECS).