{"id":88090,"date":"2019-12-13T07:56:13","date_gmt":"2019-12-13T11:56:13","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=88090"},"modified":"2019-12-13T07:56:13","modified_gmt":"2019-12-13T11:56:13","slug":"ab-ranked-as-one-of-the-fastest-growing-economies","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/ab-ranked-as-one-of-the-fastest-growing-economies\/","title":{"rendered":"A&B Ranked As One Of The Fastest Growing Economies"},"content":{"rendered":"
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Antigua and Barbuda was named as one of the fastest-growing economy for 2019 in the Caribbean along with Dominica and Anguilla by the Economic Commission for Latin America and the Caribbean\u2019s (ECLAC\u2019s) Preliminary Overview of Latin America and the Caribbean for 2019.<\/p>

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According to Sheldon McLean – Coordinator of Economic Development Unit of ECLAC, the aforementioned is as a result of the revision of macroeconomic performance of the Caribbean economies in 2019 and outlined projections for 2020.<\/p>\n

\u201cSome strong growth increases as growth strengthened in the hurricane ravaged economies of Dominica and Antigua and Barbuda as reconstruction efforts intensified, foreign direct investments strengthened and the tourism industry recovered with public sector investment support.\u201d said McLean<\/p>

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\u201cEconomic growth was subdued in 2019 across most Caribbean economies due to the impact of fiscal austerity measures in some countries and lack of investor confidence. The weighted average real growth in the region remained unchanged at 1.4 percent in 2019 relative to 2018. Among the goods-producing economies, GDP growth is expected to be 1.2 percent in 2019 (up from 0.8 percent in 2018), while the service-producing economies declined marginally to 1.7 percent (down from 1.8 percent in 2018).\u201d McLean added.<\/p>

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McLean also informed that the 2014-2020 period will mark the lowest growth in the last seven decades for Latin American and Caribbean Economies.<\/p>\n

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Antigua and Barbuda was named as one of the fastest-growing economy for 2019 in the Caribbean along with Dominica and Anguilla by the Economic Commission for Latin America and the Caribbean\u2019s (ECLAC\u2019s) Preliminary Overview of Latin America and the Caribbean for 2019. According to Sheldon McLean – Coordinator of Economic Development Unit of ECLAC, the […]<\/p>\n","protected":false},"author":3,"featured_media":19254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-88090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nA&B Ranked As One Of The Fastest Growing Economies - 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\/ab-ranked-as-one-of-the-fastest-growing-economies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A&B Ranked As One Of The Fastest Growing Economies\" \/>\n<meta property=\"og:description\" content=\"Antigua and Barbuda was named as one of the fastest-growing economy for 2019 in the Caribbean along with Dominica and Anguilla by the Economic Commission for Latin America and the Caribbean\u2019s (ECLAC\u2019s) Preliminary Overview of Latin America and the Caribbean for 2019. 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