FT: Global economic recovery ‘in danger of stalling’
By F McGuire From Newsmax Weak growth and a recovery that is “weak, uneven and in danger of stalling yet again” is haunting the world economy, the latest Brookings Institution-Financial Times tracking index warns. Professor Eswar Parasad, an economist at…
(IDB) Inter-American Development Bank releases regional report
SAN JUAN – The Inter-American Development Bank (IDB) and the Inter-American Investment Corp. (IIC) held their annual meeting in the Bahamas this weekend. The gathering is a forum for discussion among the institutions’ governors, most of whom are finance ministers,…
Jamaica’s opposition wins general election as voters tire of austerity
By Rebekah Kebede From Reuters Jamaica’s opposition narrowly won a general election on Thursday, with its message of deep tax cuts and massive job creation winning over voters weary of years of tough IMF-mandated austerity measures. The Jamaican Labour Party…
Economic expansion is estimated at 1.6% for the first three quarters of 2015
From the Cayman Islands Ministry of Finance Overall economic activity in the Cayman Islands’ grew by an estimated 1.6 percent in the first nine months of 2015. “Since the beginning of 2013, the local economy averaged 1.5 percent real GDP…
Tame macroeconomic volatility to boost growth and reduce hardship in the Caribbean
BY FRANCISCO G. CARNEIRO ON TUE, CO-AUTHORS: HA MINH NGUYEN, REI ODAWARA From The World Bank IMAGE: Volatility and its Drag on Growth, 1990-2010 – Click to enlarge Volatility in financial markets gets wide attention in the public eye. Less noticed is…
The guy who might be ‘cooking the books’ for the Chinese government is being investigated
By ValueWalk From Business Insider In the latest “Not The Onion” news from China “China’s Statistics Chief ” who may be making up numbers is under investigation. China’s Central Commission on Discipline Inspection announced Tuesday (Jan 26) that it was…
Top tax havens around the world [Cayman Islands 3rd]
From Value Walk We decided to find the lowest places in the world for havens from personal top income taxes. We analyzed personal top income tax rates along with gross domestic product per capita(GDP) to come up with the following…
Spain in front of a historic crossroad
By Isidoros Karderinis For more than 40 years in the political arena of Spain two parties had been dominating, the People’s Party and the PSOE Party (Spanish Socialist Workers’ Party), which alternated in power. The last catalytic elections of December 20,…
Cayman Islands unemployment figures from 2006 – 2015
From Trading Economics The number of unemployed persons in Cayman Islands increased to 2248 in 2015 from 1859 in 2014. Unemployed Persons in Cayman Islands averaged 1667.22 from 1996 until 2015, reaching an all time high of 2413 in 2013…
Dominican Republic’s economy most robust in Latin America, Caribbean region
From Fox News Latino SANTO DOMINGO, DOMINICAN REPUBLIC (AP) – The economy of the Dominican Republic grew 7 percent last year and established itself as the most robust in the Latin American and Caribbean region, officials said Wednesday. Central Bank…
