December 13, 2018

Building resilience to natural disasters in the Caribbean requires greater preparedness

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By Sònia Muñoz and İnci Ötker From International Monetary Fund As global warming continues to increase sea-water temperatures, the Caribbean is becoming more vulnerable to increasingly frequent and damaging natural disasters. Policies that build resilience in Caribbean countries—such as strengthening physical infrastructure and putting in place insurance protection—can help minimize the human and economic costs of natural […]

Global Wage Report 2018/19: Global wage growth lowest since 2008, while women still earning 20 per cent less than men

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GENEVA (ILO News) – Global wage growth in 2017 fell to its lowest rate since 2008, far below levels before the global financial crisis, according to a new International Labour Organization (ILO) report. The Global Wage Report 2018/19  finds that in real terms (adjusted for price inflation) global wage growth declined to 1.8 per cent in 2017 […]

Cayman Islands maintains solid economic performance

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With economic activity growing across all major sectors, the GDP rose by 4% in first quarter 2018. Healthy consumer demand and spending contributed to the highest second quarter growth of merchandise imports since 2005 – valued at $254 million and growing by 15.2% over the comparative period in 2017. Core Government recorded a surplus in […]

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 […]