Caribbean Enterprise – The Caribbean Is Projected To Develop Subsequent 12 months Regardless of COVID

The Caribbean’s economies, including the Dominican Republic, are expected to recover next year. (Photo by DANIEL SLIM / AFP via Getty Images)


Compiled by NAN Business Editor

News Americas, NEW YORK, NY, Fri December 18, 2020: The Caribbean will see positive growth in 2021, but it will not be enough to restore pre-pandemic economic levels, according to the Economic Commission for Latin America and the Caribbean (ECLAC).

In its preliminary review of the Caribbean economies, ECLAC projects an average decline of -7.9% in 2020 and growth of 4.2% in 2021.

Here are the projections for the Caribbean countries for 2021:

Antigua and Barbuda – 13.4

Guyana – 8.1

St. Lucia – 7.5

Belize – 7.5

St. Kitts and Nevis – 6.4

Barbados – 6.0

Grenada – 5.7

Bahamas – 4.5

St. Vincent and the Grenadines – 3.9

Dominica – 3.4

Trinidad and Tobago – 3.3

Cuba – 3.0

Suriname – 2.0

Jamaica – 2.0

Haiti – 2.0