Jan 2017 Financial News

IMF to declare hand in April

Jan 24, 2017

THE CENTRAL BANK will give its latest report card on the Barbados economy today, but Barbadians have to wait until April for the International Monetary Fund (IMF) to reveal its hand.

Yesterday, without mentioning Barbados by name, director of the IMF’s Western Hemisphere Department, Alejandro Werner, said the good news for tourism-dependent Caribbean countries was that there would be “a continuous growth in the demand for tourism services” this year.

Overall, the Caribbean economy is projected to grow by 3.9 per cent this year, up slightly from 3.7 per cent last year, and the forecast is for four per cent growth next year.

Werner gave his Regional Economic Outlook Update for Latin America and the Caribbean in a blog published on the IMF’s website and during a 40-minute press conference webcast live from Washington yesterday. (SC)

Source:
SHAWN CUMBERBATCH
shawncumberbatch@nationnews.com
Nation News
Tuesday January 24, 2017

http://www.nationnews.com/nationnews/news/92779/imf-declare-hand-april