OECD raises outlook for global growth on expected Trump stimulus
From Newsmax The OECD lifted its global growth forecasts for 2017 and predicted expansion in 2018 will reach its fastest pace in half a decade as Donald Trump’s planned fiscal stimulus provides a boost to major economies. World gross domestic…
Internet Gaming: The US-Antigua and Barbuda contention
By Sir Ronald Sanders From Caribbean News Now For over 12 years, the governments of Antigua and Barbuda and the United States have been involved in a contention over an award by the World Trade Organisation (WTO) in favour of…
Why we need Economic Diversification in Trinidad and Tobago
By BID from ladb Economic diversification in Trinidad and Tobago is imperative, although diversification away from the energy sector has largely failed. A country with a perfectly diversified export portfolio will have an index close to 0 (most diversified), whereas…
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Think Blue: Finding growth in the Caribbean Sea
By Pawan Patil, World Bank Economist From iNews Guyana Ours is a blue planet. Water covers over 70% of the Earth’s surface, and the ocean economy drives global trade, annually contributing around 3% or US$ 1.5 trillion to global value…
Understanding mobile money trends in Latin America & the Caribbean
By Tiago Novais From GSMA A great opportunity for mobile operators to offer mobile money services and close the financial access gap still exists in Latin America & the Caribbean (LAC). The unbanked and underbanked population in the LAC region…
Economic growth strengthened in the Cayman Islands first quarter
Economic activity in the Cayman Islands as measured by the gross domestic product (GDP) is estimated to have grown by 2.4% in the first quarter of 2016. “The domestic economy continued to strengthen as GDP growth accelerated from the 1.4%…
The Caribbean Association of Banks applauds IMF Managing Director Christine Lagarde
PRESS RELEASE:-St. Lucia, Fri. August 26, 2016: The Caribbean Association of Banks Inc. (CAB) strongly supports the recent remarks and proposed approach of IMF Managing Director Christine Lagarde, regarding the de-risking/correspondent banking issue. As she states, “It is a collective action…
A blueprint for Brazil’s fiscal reforms
By Ashley Kindergan From The Financialist Golden globe with emphasis on Brazil and its economy. It went down to the wire, but the stadiums are complete, the brand-new metro line is up and running, and the 2016 Olympic Games in…
IEEFA: Puerto Rico’s proposed electricity turnaround banks largely on hope
From Caribbean Business SAN JUAN – A report by the Institute for Energy Economics and Financial Analysis (IEEFA) says the Puerto Rico Electric Power Authority’s (Prepa) rate increases are unsustainable and that in all likelihood will further damage the commonwealth’s…
Brexit and brakes
By Ashley Kindergan From The Financialist And so it begins. Even before the Brexit vote, corporate profits in the U.K. were already under pressure from a combination of sluggish global growth and rising wages. But now, several weeks after referendum,…
