Growth forecasts are bullish for the Caribbean, where overspending on sports is countered by tourism and construction investment. However, crime is still an issue.
The Caribbean economy is
booming, with rapid growth led by the Dominican Republic, which
this year expects its tourism-fed economy to expand by between
7% and 9%. Virtually every other country in the region will
also see rapid growth. Among the best-performing in 2007,
according to FirstCaribbean International Bank, are Trinidad
& Tobago (6%) and Barbados (5%).
In Cuba, where the Castro regime claimed 12% GDP growth last
year, caretaker leader Raúl Castro is calling for
increased foreign investment and a crackdown on inefficiency
and corruption in the state-controlled economy. Even Haiti
the poorest country in the Western Hemisphere
will see its shattered economy grow by 3.5%, though far more
prosperous Jamaica is expected to see GDP growth of only 2.9%,
according to FirstCaribbean.
Yet runaway crime may threaten development. Drug
traffickers, who use the Caribbean as a transit point, have
driven up crime by...
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