February 17, 2019

Building resilience to natural disasters and climate change in Grenada and the Caribbean

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IMF Deputy Managing Director Tao Zhang Grenada February 13, 2019 Ladies and gentlemen, good afternoon! It is an honor for me to speak with you today on my first visit to Grenada. Before coming here, I had often heard Grenada being referred to as an “Isle of Spice.” This simple catch-phrase distinguished it from other Caribbean […]

How the Caribbean can follow in Colombia’s footsteps

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By Matt Turner From Travel Agent Central The Caribbean has a lot to learn from Colombia. That was the theme of the Global Conference on Jobs and Inclusive Growth – Small and Medium Tourism Enterprises, one of the opening events at the Caribbean Travel Marketplace held January 29 – 31 at the Montego Bay Convention Centre in Jamaica. Former Colombia president Álvaro Uribe Vélez addressed […]

The Stalin of the Caribbean: how Nicolás Maduro betrayed the Venezuelan revolution

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By George Eaton From newstatesman Faed with a dystopian economy, the president is resorting to ever more repressive means to maintain control.  In 2014 the Venezuelan president Nicolás Maduro, a fan of John Lennon and Led Zeppelin, declared: “Our side is peace, love and tolerance.” Set against his country’s dystopian state, such words now appear darkly […]

CNBC: US home-sales plunge stuns real-estate agents

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By Newsmax Wires From Newsmax Real estate brokers reportedly are trying to figure out why sales of existing homes plunged in December. U.S. home sales tumbled Tuesday to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the […]

The global economy is living dangerously – but don’t expect superpowers to follow the 2008 script

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By Ben Chu, The Independent From Business Insider Twelve months ago, the global economic outlook was encouraging. Now things are looking far less rosy. US growth is expected to slow from 2.9 percent in 2018 to 2.5 percent in 2019, as the stimulus from Donald Trump’s unfunded tax cuts wears off. Stock markets have also […]

Economies of Latin America and the Caribbean will grow 1.7% in 2019, in an International scenario marked by greater uncertainty

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In its last economic report of the year, ECLAC projects that the region will end 2018 with average growth of 1.2%. (December 20, 2018) The year 2019 looks to be a period in which global economic uncertainties, far from waning, will intensify and will arise from different fronts. This will have an impact on the growth […]

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 […]