GDP grows above-forecast 2.6 percent as business spending picks up
From Newsmax The U.S. economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates. The 2.6 percent annualized rate…
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meeco develops clean energy products for tourism sector in Africa
Project development and financing model sun2share introduced in Botswana The tourism sector is one of the largest industries worldwide and at the same time one of the fastest growing. In 2017, the travel and tourism industry accounted for 10.4% of the…
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Building resilience to natural disasters and climate change in Grenada and the Caribbean
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…
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How the Caribbean can follow in Colombia’s footsteps
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…
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The Stalin of the Caribbean: how Nicolás Maduro betrayed the Venezuelan revolution
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…
CNBC: US home-sales plunge stuns real-estate agents
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…
The global economy is living dangerously – but don’t expect superpowers to follow the 2008 script
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,…
Economies of Latin America and the Caribbean will grow 1.7% in 2019, in an International scenario marked by greater uncertainty
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…
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Building resilience to natural disasters in the Caribbean requires greater preparedness
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…
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Global Wage Report 2018/19: Global wage growth lowest since 2008, while women still earning 20 per cent less than men
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…
