{"id":225016,"date":"2025-02-11T12:02:54","date_gmt":"2025-02-11T16:02:54","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=225016"},"modified":"2025-02-11T12:03:58","modified_gmt":"2025-02-11T16:03:58","slug":"imf-projects-steady-2-4-per-cent-growth-for-the-caribbean-in-2025","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/imf-projects-steady-2-4-per-cent-growth-for-the-caribbean-in-2025\/","title":{"rendered":"IMF projects steady 2.4 per cent growth for the Caribbean in 2025"},"content":{"rendered":"
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SOURCE: CARIBBEAN LOOPNEWS- <\/strong>The International Monetary Fund (IMF) expects economic growth in the Caribbean to remain stable this year at around 2.4 per cent.<\/p>\n\n\n\n

The IMF\u2019s growth projection for the Caribbean was revealed by Communication\u2019s Director Julie Kozack at a media conference in Washington DC on February 6.<\/p>

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Kozack said the Caribbean experienced a rapid recovery after the coronavirus pandemic with real GDP growth in the region apart from Guyana and Haiti being estimated at 2.2 percent for 2023 and 2.4 percent for 2024.<\/p>

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\u201cBroadly speaking, there are sort of two groups of countries in the Caribbean. So, we look at tourism-dependent economies, and there we see that growth in tourism economies has slowed as tourism arrivals have returned to pre-Pandemic levels. And then for commodity-exporting countries, they have faced challenges in the energy sector but have overall benefited from robust performance in their non-energy sector, and that has been driven by supportive and economic policies,\u201d she said.<\/p>\n\n\n\n

Kozack said inflation in the region has been moderate mainly due to lower global commodity prices and the easing of supply chain disruptions.<\/p>

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She added the IMF expects inflation figures to remain moderate in the years to come.<\/p>\n\n\n\n

Teams from the IMF will visit several Caribbean countries in the coming months to conduct their Article IV consultations to assess the state of the economy.<\/p>

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The assessments will provide a clear view of the economic situation in each country along with projected growth.<\/p>

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CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP SOURCE: CARIBBEAN LOOPNEWS- The International Monetary Fund (IMF) expects economic growth in the Caribbean to remain stable this year at around 2.4 per cent. 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