BASSETERRE, St. Kitts, CMC – The International Monetary Fund (IMF) Tuesday revised downwards the estimate of economic growth for 2012 in St. Kitts and Nevis.
An IMF delegation, which has ended a one week visit to the island, downgraded the growth from minus 0.7 to minus 0.9 percent, reflecting a decline in tourism in the third quarter.
“However, an expected pick-up in tourism and the launching of several construction projects in 2013 will contribute to a recovery in activity, with economic growth projected at nearly two per cent. Inflation has eased to 0.3 per cent at end-2012,” said George Tsibouris, who headed the IMF team.
Related News
In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4...
In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4-7 July, the 18th meeting of the Bureau of the Conference of Heads of Government of the…
admin
NATURAL DISASTER IMPACT MITIGATION: STRENGTHENING NATURAL DISASTER WARNING SYSTEMS ACROSS VULNERABLE...
The tremendous loss of life and destruction caused by the earthquake and tsunami in the Indian Ocean region on 26 December 2004 have shocked the world at large and shattered the lives of many…
admin
CARICOM Secretariat, IMPACS webinar focuses on ‘Youth as Agents for Change in Crime Prevention’
‘Youth as Agents for Change in Crime Prevention’ will be the focus of a webinar that the Caribbean Community (CARICOM) Secretariat and the CARICOM Implementation Agency for Cr