October 16, 2018

Italy in the maelstrom of the euro

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By Isidoros Karderinis Italy joined the eurozone in 1999, with Prime Minister Massimo d’Alema of the “Democratic Left” party. This fateful participation, which entailed the complete loss of independent monetary policy, is undoubtedly the main cause of the disappointing performance of the Italian economy. The country’s GDP currently stands at EUR 1.75 trillion euro and […]

World Tourism Day 2018: Message from Caribbean Tourism Organization Secretary General

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Tourism development agency joins global community in celebrating World Tourism Day Secretary General of the Caribbean Tourism Organization, issued the following statement on the celebration of World Tourism Day 2018, Wednesday, September 27, 2018: The Caribbean Tourism Organization (CTO), the tourism development agency for the region, joins the global community today in celebrating World Tourism […]

Latin America and the Caribbean holds to a path of moderate growth and its economy will expand 1.5% in 2018, despite external uncertainties

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ECLAC released today its Economic Survey 2018, in which it offers a profound analysis of the evolution of investment in the region. (August 23, 2018) In an international context marked by uncertainty and volatility, the economies of Latin America and the Caribbean will grow 1.5% on average in 2018, thanks to a rebound in domestic […]

Mozambique tops 2017 Greenfield FDI Performance Index

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By Glenn Barklie From fDI A study by fDi Intelligence reveals which countries outperform their size when it comes to generating greenfield FDI Mozambique tops the 2017 Greenfield FDI Performance Index. The southern African country is ranked number one in the annual study by fDi Intelligence, a Financial Times data division of which fDi Magazine is also a part, which […]

CBO cuts US growth forecast amid warnings on trade spats

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From Newsmax U.S. economic growth will probably accelerate this year before slowing in 2019 to well below the Trump administration’s 3 percent target as a fiscal stimulus fades, congressional researchers projected on Monday. In an updated economic outlook, the nonpartisan Congressional Budget Office (CBO) projected that inflation adjusted or real gross domestic product (GDP) would […]

Key economic sectors drive Cayman Islands’ robust growth in 2017

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Driven by solid performances in tourism, construction and financial services, the Cayman Islands’ economy recorded strong growth in 2017, with the estimated Gross Domestic Product (GDP) rising by 2.9 percent. This was the highlight of The Cayman Islands’ Annual Economic Report 2017 released by the Economics and Statistics Office. The 2017 GDP growth represents the […]

OPINION: If the US-China trade war escalates, how will the Chinese economy respond? Here are the numbers

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By Lawrence J. Lau From South China Post Lawrence J. Lau says China can weather the effects of a trade war with the US, even if imports of the products the US is targeting with its tariffs halt completely. The result would mean only a marginal drop in annual economic growth, and China is unlikely […]

Cayman Islands economic growth surpasses 2017 projections

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GRAND CAYMAN, CAYMAN ISLANDS (PRWEB) JULY 17, 2018 Dart Real Estate finds the British Overseas territory’s growing economy has led to an increase in the number of companies choosing to do business on Grand Cayman This uptick in development is driven by an increase in demand for commercial real estate for lease from companies who […]

ILO calls for urgent action to prevent looming global care crisis

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GENEVA (ILO News) – Investment in the care economy needs to be doubled to avert a looming global care crisis, says a new ILO report. Sweeping changes in policies should address the rising need for care and tackle the huge disparity between women’s and men’s care responsibilities. The figures show that women are performing more […]

Caribbean insurers well-capitalised despite 2017 hurricane losses, says A.M. Best

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By Charlie Wood From Reinsurance News A new report from A.M. Best points to the responsiveness of reinsurers as a driving factor behind Caribbean property and casualty (P/C) insurers’ ability to withstand the record-setting impact of 2017’s hurricane season, enabling them to quickly resolve and settle the high volume of claims. Despite the magnitude of […]