Antigua and Barbuda Listed Amongst Caribbean Economies to Record Slower Growth in 2016

Antigua and Barbuda has been named amongst some of the Caribbean economies which will see slower growth this financial year.

According to the 2016 financial survey of the United Nations Economic Commission for Latin American Caribbean (ECLAC), the twin island state is expected to see a 0.6 decrease in growth compared to last year.

In its final 2015 report, ECLAC recorded a 4.1% growth in Antigua and Barbuda’s economy however this year a 3.5% growth is predicted.

Grenada and St. Lucia were also listed amongst countries which will see and economic slowdown in their financial year.

ECLAC credited the 4.1% growth the country recorded in 2015 to a number of positive initiatives including debt reduction to the Half Moon Bay Holdings and the debt swap the government conducted with the Medical Benefits.

Meantime, counties such as St. Kitts & Nevis, St. Vincent and the Grenadines and Dominica are expected to see an increase in growth in 2016.


News Reporter

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