comments feedFrom CIBC FirstCaribbean Caribbean Economic Overview Summary: The global economic slowdown became more entrenched in Q2 led by quarterly real GDP declines in the US, Russia, and China, and weakening growth in several other major economies. In addition to the humanitarian and economic toll in Ukraine and the impact of sanctions on Russia’s economic output, knock-on […]
Caribbean Market Overview – July 2022
August 7, 2022 by Leave a Comment
From CIBC FirstCaribbean Caribbean Economic Overview Summary: Russia’s invasion of Ukraine interrupted the global economy’s rebound from the collapse triggered by the COVID-19 pandemic. Following a solid resurgence of productive activity in 2021, the fall-out from the war has exacerbated already stressed supply chains, aggravating the damage to world trade and spawning far reaching consequences for […]
Caribbean Market Overview – 2021 Q4
December 17, 2021 by Leave a Comment
From CIBC FirstCaribbean Caribbean Economic Overview Summary: The global economic recovery progressed in the first half of 2021, despite the unrelenting pandemic. In its October 2021 World Economic Outlook, the IMF suggested that economic activity’s adjustment to the COVID-19 environment alongside vaccines’ efficacy in preventing severe illness, buttressed the revival of productive output. However, unequal vaccine […]
Caribbean Market Overview – 2019 Q2 shows global economic activity loses momentum
May 26, 2019 by Leave a Comment
From CIBC First Caribbean Bank Caribbean Economic Overview Summary: Following almost two years of robust growth, the IMF indicates that global economic activity lost momentum in latter half of 2018 amid trade tensions, declining business confidence, tightening financial conditions and higher policy uncertainty across many economies. Consequently, the IMF estimates that global growth decelerated to 3.6% […]
Caribbean Economic Overview
July 22, 2018 by Leave a Comment
From CIBC-FC Summary: The IMF notes that global economic growth accelerated to 3.8% y/y during 2017, as growth in both advanced and emerging markets picked up relative to one year earlier. Since then, economic activity in the US, Canada, and the UK continued to expand in Q1 2018, albeit at slower rates. The US Bureau […]
Caribbean Market Overview 2016 Q2
July 18, 2016 by Leave a Comment
From CIBC FirstCaribbean Caribbean Economic Overview Summary: Sustained growth in advanced economies and lower oil prices provided a boon to Caribbean economic growth in 2015. However, since then, global oil prices bottomed and economic growth in the USA and UK slowed in Q1 2016. US output expanded 0.5% q/q during Q1 versus 1.4% q/q in […]
