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Preliminary overview of the economies of the Caribbean 2018–2019: Economic restructuring and fiscal consolidation as a platform to increase growth

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Author: McLean, Sheldon - Alleyne, Dillon - Hendrickson, Michael - Oyolola, Maharouf - Pantin, Machel - Skerrette, Nyasha - Tokuda, Hidenobu UN symbol.: LC/CAR/TS.2019/3 45 p. Editorial: ECLAC October 2019


This overview examines the economic performance of economies of the Caribbean in 2018 and comprises four chapters. The first chapter provides a comparative analysis across Caribbean economies of the main macroeconomic variables, namely GDP growth, monetary indicators, as well as fiscal and external accounts. The second chapter looks at the key development imperatives for the Caribbean. The third chapter concludes, and the final chapter includes individual country briefs that give an overview of the economic situation for the Bahamas, Barbados, Belize, Guyana, Jamaica, Suriname and a subregional assessment of the countries of the Eastern Caribbean Currency Union.

Table of contents

Abstract .-- Introduction .-- I Macroeconomic performance. A. Fiscal and debt. B. Monetary policy, domestic credit and inflation. C. External sector .-- II. Key imperatives for the Caribbean. A. Economic reforms. B. Reducing structural gaps by fostering private sector development. C. Re-energizing Caribbean Integration. D. Promoting renewable energy investments .-- III. Conclusion .-- IV. Country notes.