Category: Banking & Financial Services
Caribbean Banking & Financial Services
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Macro - Country Economic Forecasts - Trinidad and Tobago
... public wage settlements with unions, helping to lift capital formation and consumption. But due to these fiscal measures, we’re less optimistic on the government balance and now expect the government will run a deficit equivalent ... Read More
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Macro - Country Economic Forecasts - Cayman Islands
... expect GDP will grow by 1.9% next year before slowing down to 1.6% in 2026. Inflation is falling sharply as the global inflationary crisis keeps fading. So, we forecast inflation slightly below 2% for 2025. Read More
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Macro - Country Economic Forecasts - Haiti
... of this year with the aim of improving the dire security situation in the country. We now expect growth of 3.1% next year and 6.2% in 2026, driven by pulling forward when we expected economic ... Read More
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Macro - Country Economic Forecasts - Martinique
... Country Economic Forecasts - Martinique We forecast 2.3% GDP growth for Martinique in 2024, before it moderates to 1.9% in 2025. The tourism recovery and cruise rebound will propel the economy through the medium term. Read More
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Macro - Country Economic Forecasts - Virgin Islands (UK)
... Virgin Islands' economy will grow by 1.2% in 2024 and 1.6% in 2025. We've revised up our 2025 GDP forecast to reflect stronger-than-anticipated growth in the tourism sector, partly driven by the robust US economy. Read More
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Analysis by Region - Emerging Markets - Dominican Republic
... that most of the factors driving the recovery this year will continue to contribute to growth next year. Manufacturing and construction will keep growing amid further interest rate cuts by the Central Bank of the ... Read More
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Analysis by Region - Emerging Markets - Jamaica
... the slowdown in domestic consumption and external demand, and the only modest recovery in investment after a two years of contraction, will weigh on growth. Base effects from agricultural production after Hurricane Beryl caused significant ... Read More
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Dominican Republic In-depth PEST Insights
... support trend analysis.Synopsis Understand the political system in Dominican Republic through analysis of key figures in the country and governance indicators. Understand the economic situation in Dominican Republic through a balanced assessment of core macroeconomic ... Read More
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Economy of English Speaking Caribbean - 2024
... Jamaica and Trinidad & Tobago are considered together in this study. The microstates of the region are not included. Issues discussed are internal budgets, external accounts, economic policies and, in some cases, levels of violence. Read More
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Macro - Country Economic Forecasts - Curacao
... marking a slowdown from a recent post-pandemic rebound. The higher interest rate environment will weigh on private investment in important industries and the slowdown in global growth will hurt tourism prospects from key advanced economies. Read More
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Macro - Country Economic Forecasts - Puerto Rico
... disaster-relief programs and pandemic stimulus have buoyed infrastructure projects and private consumption, but these boosts are set to fade. Still, resilient demand from mainland US will likely continue to benefit Puerto Rico's exports and tourism ... Read More
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Macro - Country Economic Forecasts - Virgin Islands (US)
... recovery this year, boosting the confidence of key trading partners. Construction and tourism will continue to drive growth after the number of tourist arrivals increased by 58% from 2022 to 2023. However, air arrivals are ... Read More
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Macro - Country Economic Forecasts - Anguilla
... we expect tourism will continue to aid growth and demand for the country's domain name will continue to provide an additional revenue source. We've therefore upgraded our 2025 GDP forecast by 0.1ppts to a 4.6% ... Read More
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Macro - Country Economic Forecasts - Antigua and Barbuda
... tourism and construction activity increasing, to which real activity is expected to climb to pre-pandemic levels by the end of the year. Potential tourism slowdowns and geographical vulnerabilities remain a headwind for sustainable long-term growth. Read More
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Macro - Country Economic Forecasts - Barbados
... Barbados downward by 0.3ppts to 3.2%. While fiscal consolidation targets continue to be met and the performance of tourism is resilient, sustained domestic inflationary pressures are expected to weigh on private consumption growth in 2024. Read More
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Macro - Country Economic Forecasts - Grenada
... construction. The ongoing strength of the US consumer will uphold Grenada's tourism-driven economy, particularly in the first half of the year, but with services spending normalizing to pre-pandemic levels, the largest effects have likely passed. Read More
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Analysis by Region - Emerging Markets - Cuba
... still 10% below pre-pandemic levels. The exodus of nearly 500,000 Cubans in the last two years, shortages in basic services and food, stubborn inflation, and US sanctions have harmed the country's productivity and paralyzed key ... Read More
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Macro - Country Economic Forecasts - Dominica
... improved tourism conditions. The recovery in tourism flows stemmed from a surge in total visitor expenditure, which reached 87% of the pre-pandemic level by the start of 2024 – a 36.3ppts increase since Q2 2023. Read More
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Macro - Country Economic Forecasts - Guadeloupe
... Starlink satellite coverage, which is expected to provide the island with high-speed, reliable internet access, will provide additional support to growth as it will improve opportunities for remote working, e-commerce, and education via online resources. Read More
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Macro - Country Economic Forecasts - St. Kitts and Nevis
... of 3.7% y/y in both years. Government spending commitments, primarily in renewable energy projects, continue to drive fixed investment, while the rebound in tourism supports exports. Subsiding global inflation and falling oil prices have resulted ... Read More
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Macro - Country Economic Forecasts - St. Vincent and the Grenadines
... that tourism growth remains strong and falling inflation will boost spending, resulting in a consumption recovery after two years of contracting private consumption. We've also revised up our 2023 growth forecast by 0.3ppts to 6.2% ... Read More
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Trinidad and Tobago In-depth PEST Insights
... data to support trend analysis. Synopsis Understand the political system in Trinidad and Tobago through analysis of key figures in the country and governance indicators. Understand the economic situation in Trinidad and Tobago through a ... Read More
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Macro - Country Economic Forecasts - Bahamas, The
... consumption. However, an encouraging recovery in tourism has boosted economic activity and narrowed the current account deficit. We forecast that GDP growth will dip to 1.2% y/y in 2024 and 1.4% y/y 2025 as the ... Read More
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Analysis by Region - Latin America - Grenada
... returned to pre-pandemic levels. But we think the pace of economic growth will slow next year from a projected growth rate of 5% this year, due to a slowdown in tourism-dependant sectors, such as hospitality. Read More
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Analysis by Region - Emerging Markets - Barbados
... driven by a solid but slow tourism recovery. We forecast tourist arrivals will grow by 27% in 2023, down from 46% in 2022. We don't expect tourism to recover to the 2019 rate until 2026. Read More
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