St. Maarten Private Eye

IMF predicts lower Caribbean growth

In its latest World Economic Outlook report, the bank predicts that growth in the Caribbean next year would be its lowest in four years.

The IMF says it expects Caribbean economies to grow collectively by 4.4 percent next year. That is down from the six percent projected for this year, the 8.4 percent recorded in 2006 and 6.5 percent in 2005.

The Fund said Latin American and Caribbean countries were experiencing the longest period of uninterrupted economic growth since the 1960s.

But it added that governments must do more to make the most of the helpful global environment.

Read the whole story on BBCCaribbean.com

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