| Shout It! | |
|---|---|
|
|
| Polls |
|---|
| Caribbean Growth forecast. |
|
|
|
|
The United Nations Economic Commission for Latin American and the Caribbean (ECLAC) is predicting a straight six years of economic growth for the region.  Trinidad's oil industry contributed significantly to the region's economic growth.
The revised figures come in a report published as part of its twice-yearly economic reporting on the hemisphere.According to ECLAC, by the end of 2007, the area's per capita GDP will have risen by 20.6% over the last six years. Caribbean countries share the improvements with their South and Central American neighbours. ECLAC attributes the global economy as a mainstay to the hemispheric growth. It also points to strong international prices for raw materials such as oil which benefitted Trinidad and Tobago and gold in the case of Suriname.The Dominican Republic is listed third across the entire hemiphere for expected growth by year-end with increases of 7.5% predicted, putting it behind Panama and Argentina.Inflation also generally went down across Latin America and the Caribbean from an average of 6.1% in 2005 to 5% in 2006."In ECLAC's view, trends in the international economy and the relative strength of the region's economies provide grounds for cautious optimism," the Commission said."However, the recent increase in the volatility of international financial markets is a cause for concern. |
| < Prev | Next > |
|---|