Caribbean Economies Among The Fastest Growing In The World- IMF

Juxtapose the above statement above to the following statment from Jamaica’s Finance Minister

Peter Phillips says 1% growth is a MAJOR Challenge !

http://www.jamaicaobserver.com/news/Phillips-admits-growth-target-challenging_14125317

WASHINGTON, April 28, CMC – The International Monetary Fund (IMF) says the Caribbean and other low-income countries are among the fastest-growing economies in the world, but warn that many remain vulnerable to shocks and spillovers from advanced and emerging markets.

“Low-income countries have worked to develop institutional capacity and build fiscal buffers that they were able to use during the crisis, and now, all the hard work has paid off,” said IMF Deputy Managing Director Min Zhu told an IMF seminar.

http://jamaica-gleaner.com/latest/article.php?id=44457

Given what our Finance Minister has said, it seems Jamaica will not be a beneficiary of  this increase growth.

Selected Caribbean countries growth projections.

Haiti 6.5%

Guyana is looking at 5.5% growth this year

Suriname 4.5%

Bahamas 2.7%

Dominica Republic 2.2%

Eastern Caribbean States 1.7%

Trinidad 1.7%

Barbados 0.5%

Jamaica 0.5%

How about Haiti

Haiti GDP Annual Growth Rate

Jamaica GDP Annual Growth Rate

 

One Response

  1. Test here is your chance to finally write something related to the post about PSM going to Haiti for lessons.

    Maybe you could counter by saying, given the fact that Haiti is growing and could be the fastest growing country in the Caribbean for 2013, PSM paid a visit to see what she could learn to take back to Haiti.

    As PM I don’t think she has ever presided over any period, where growth took place.

    Poor PNP = Poor Jamaica.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: