ECCB projects 8.1% growth for Antigua’s economy in 2023

Data until September 2023 from the Eastern Caribbean Central Bank predicts 8.1 percent economic growth for Antigua & Barbuda by 2023.The outcome was 8.2% growth in 2021, 9.5 percent in 2022, and 8.1% growth in 2023, unsurpassed by any nation save Guyana with its recent oil and gas extraction. “My government is proud to have […]

Dominican Economy now 7th largest in Latin America

The Dominican Republic has replaced Ecuador as Latin America’s 7th-largest economy, according to a Latinvex analysis of the latest data from the International Monetary Fund (IMF). The IMF forecasts that the Dominican Republic will keep that position the next five years as well. The Dominican GDP now stands at $120.6 billion, above the $118.7 billion […]

Dominican economy grew 3.1 % in September, the highest growth recorded in the year

Governor of the Central Bank, Héctor Valdez Albizu said the accumulated growth in the first nine months (January-September) 2023 was 1.7%. The Governor announced that the Monetary Board authorized a new liquidity facility for the construction, manufacturing, export, and agricultural sectors for RD$40 billion this October. “Of these resources, as of October 19, the financial […]

The IMF reduces growth projection for the Dominican economy and makes recommendations

The International Monetary Fund (IMF) has revised its growth projection for the Dominican Republic’s economy in 2023 to 3%, down from its previous estimate of 4.2% in April. The IMF recommends that the country focus on improving credibility, enhancing the business climate to boost productivity, strengthening government management and social safety nets, and implementing reforms […]

The government lowers the projection of growth of the economy in 2023 from 4 to 3%

The Dominican government has once again revised its economic growth projection for 2023, reflecting increased uncertainty both internationally and domestically. The initial estimate of 4.25% growth in March was later lowered to 4% in June, and further reduced to 3% in August, according to the Ministry of Economy’s Macroeconomic Panorama 2023-2027 report. While economic activity […]

The government lowers the projection of growth of the economy in 2023 from 4 to 3%

The Dominican government has once again revised its economic growth projection for 2023, reflecting increased uncertainty both internationally and domestically. The initial estimate of 4.25% growth in March was later lowered to 4% in June, and further reduced to 3% in August, according to the Ministry of Economy’s Macroeconomic Panorama 2023-2027 report. While economic activity […]

US inflation falls to 3%, lowest level in more than 2 years

After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — three per cent in June compared with 12 months earlier — a sign that the Federal Reserve’s interest rate hikes have steadily slowed price increases across the economy. The inflation figure the […]

US$30 million in concessional financing from World Bank Group

On Thursday, 20 July 2023, the Executive Board of the World Bank Group approved a concessional loan in the amount of US$30 million to the Government of Grenada as a testament to the significant strides made in implementing critical reforms in the past 12 months. These reforms are geared towards promoting a greener and more […]

US inflation falls to 3%, lowest level in more than 2 years

After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — three per cent in June compared with 12 months earlier — a sign that the Federal Reserve’s interest rate hikes have steadily slowed price increases across the economy. The inflation figure the […]

Negative impact of cryptocurrency on economy

Cryptocurrency is an emerging financial technology in this modern Bitcoin Era. If you are ever considering investments in digital currency, cryptocurrency is the best option. Just like there are two sides for a coin, Buying Bitcoin has two sides too- a positive and a negative side. Financial market and sector has direct impacts on the economic state […]

Countries

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Anguilla

Antigua & Barbuda

Commonwealth of Dominica

Grenada

Montserrat

Saint Kitts and Nevis

Saint Lucia

St. Vincent and the Grenadines