March 7, 2018 |
Following years of economic malaise, exacerbated by fiscal mismanagement and wishful thinking, the Caribbean’s island nations appear to be headed in the right direction.
The IMF expects the region to post respectable growth of 3.9% in 2018 and 4.2% in 2019. With a stable global economy as a backdrop, tourists are expected to come to the Caribbean in greater numbers, fueling an industry that pays the bills for many people in the region. Add to this a slight rise in commodity, and the region’s exporting nations will get some much-needed breathing room.
The Caribbean’s small island economies “are almost by definition inefficient,” says AJ Mediratta, president at Greylock Capital Management in
With commodity prices stabilizing and tourism numbers expected to increase, prospects for growth in the Caribbean are rising, but concerns about the fiscal side linger on.