{"id":215364,"date":"2024-11-04T01:06:00","date_gmt":"2024-11-04T05:06:00","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=215364"},"modified":"2024-11-03T16:18:06","modified_gmt":"2024-11-03T20:18:06","slug":"we-dont-subscribe-to-that-pm-browne-challenges-imfs-2025-forecast-for-antigua-and-barbuda","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/we-dont-subscribe-to-that-pm-browne-challenges-imfs-2025-forecast-for-antigua-and-barbuda\/","title":{"rendered":"\u201cWe Don\u2019t Subscribe to That\u201d: PM Browne Challenges IMF\u2019s 2025 Forecast for Antigua and Barbuda"},"content":{"rendered":"
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Prime Minister Gaston Browne has rejected the International Monetary Fund\u2019s (IMF) forecast of 3.5% growth for Antigua and Barbuda in 2025, saying he \u201cdoes not subscribe\u201d to what he views as an overly \u201cconservative\u201d outlook. <\/p>

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Reflecting on his government\u2019s decade-long record of economic growth, Mr. Browne said, \u201cAfter 10 years governing the country and as we celebrate our 43rd anniversary of Independence, we have done reasonably well, even in the economy. <\/p>\n\n\n\n

:In terms of rates of growth, we have consistently been one of the fastest-growing economies within the Caribbean region, and the size of the economy by the end of this year would have virtually doubled within the 10-year period.\u201d<\/p>

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The IMF projects Antigua and Barbuda\u2019s economy to grow by 5.8% in 2024, making it the second fastest-growing economy in the Western Hemisphere after Guyana. <\/p>

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However, the IMF\u2019s 2025 forecast estimates a slowdown to 3.5%, which would place Antigua and Barbuda behind Eastern Caribbean states such as Grenada, Dominica, St Vincent & The Grenadines, and St Kitts-Nevis. Mr. Browne was quick to push back on this projection, saying, \u201cThe IMF\u2026 they\u2019re very conservative\u2026 admittedly, they suggested maybe about 3.5% or 4% next year; you know, we don\u2019t subscribe to that.\u201d<\/p>\n\n\n\n

Confident in the country\u2019s growth prospects, Mr. Browne highlighted several high-value investment projects, including the $400 million Nikki Beach project launched by Ambassador Calvin Ayre, which is set to bring significant returns through real estate sales. <\/p>

\"\"<\/a><\/div>\n\n\n\n

Other projects set to bolster Antigua\u2019s economy include the Dubai Group\u2019s Half Moon Bay development, scheduled to break ground early next year, and a new Marriott luxury property at Yepton Estate.<\/p>\n\n\n\n

Describing Antigua and Barbuda\u2019s shift toward high-end tourism investments, the prime minister pointed out that these developments promise greater tax revenues and better wages for local workers. <\/p>

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He contrasted these benefits with the all-inclusive model, which he said can lead to issues with financial transparency. <\/p>

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Prime Minister Browne remains optimistic that Antigua and Barbuda will continue to lead in economic recovery, buoyed by strategic, high-quality investments that he believes will help sustain strong growth well beyond the IMF\u2019s conservative outlook for 2025.<\/p>\n\n\n\n

<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Prime Minister Gaston Browne has rejected the International Monetary Fund\u2019s (IMF) forecast of 3.5% growth for Antigua and Barbuda in 2025, saying he \u201cdoes not subscribe\u201d to what he views as an overly \u201cconservative\u201d outlook. Reflecting on his government\u2019s decade-long record of economic growth, Mr. Browne said, \u201cAfter 10 years governing the country and as […]<\/p>\n","protected":false},"author":3,"featured_media":212596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-215364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n\u201cWe Don\u2019t Subscribe to That\u201d: PM Browne Challenges IMF\u2019s 2025 Forecast for Antigua and Barbuda - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/we-dont-subscribe-to-that-pm-browne-challenges-imfs-2025-forecast-for-antigua-and-barbuda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cWe Don\u2019t Subscribe to That\u201d: PM Browne Challenges IMF\u2019s 2025 Forecast for Antigua and Barbuda\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Gaston Browne has rejected the International Monetary Fund\u2019s (IMF) forecast of 3.5% growth for Antigua and Barbuda in 2025, saying he \u201cdoes not subscribe\u201d to what he views as an overly \u201cconservative\u201d outlook. 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