socanews.com  
 
 
   
 
 
 
home | articles | Haiti growth outstrips region          [1272 page views]
 
Haiti growth outstrips region
Written by : Natasha Ofosu
Location : Haiti
Posted : Wed 2 May 2012 : 2:00:00 PM

Haiti has got something to celebrate for a change.

According to figures in the World Economic Outlook report, recently released by the International Monetary Fund (IMF), the country’s economy is expected to grow by 7.8 percent in 2012. That number is the highest projected growth of any country in the Caribbean region and represents an increase on 2011 when its gross domestic product (GDP) reportedly grew by 5.6 percent. Analysts have sounded a cautionary note, however, pointing out that these numbers are only so high because the economy is rebuilding after the destruction caused by the January 2010 earthquake.

Although its figures are not as dramatic as Haiti’s, Suriname comes a strong second with its GDP forecast to increase by 4.9 percent. The Dominican Republic is expected to experience growth of 4.5 percent.

The IMF has forecast growth in the region at 3.75 percent in 2012, rising to 4 percent in 2013. While it found that the outlook was “promising”, it warned: “High public debt and weak tourism and remittance flows continue to constrain the outlook for the Caribbean.”

 
featured
London Calypso Tent gets ready for the Notting Hill carnival season
Preparations are underway once more for what has long been hailed as London’s ‘premier cultural...
advertisement
more news
Fuhnominon: The Total Package
Call me Trilo-G
T&T Carnival is on
St Kitts & Nevis invites you to Sugar Mas 43!!!
Share Page
Follow Us
Follow socanews on Twitter
 
Follow socanews on Facebook
 
Connect with us at Linked In
 
RSS Feed

   
advertisement
SN E-Newsletter
 Subscribe to the Soca News e-newsletter!
Follow socanews on Twitter
 
Follow Soca News On Twitter
@socanews
Follow socanews on Facebook
 
Like Soca News on Facebook
Soca News
advertisement
 
CLICK FOR MORE DETAILS
related news
One Man with his Pan celebrates 40 years of music
Tue 11 Nov 2014
St Vincent and the Grenadines celebrate 36th Year of Independence
Mon 27 Oct 2014
New book on Creole music
Thu 16 Oct 2014