More hard times

GERALYN EDWARD Business Editor,

Added 13 October 2012


The International Monetary Fund (IMF) is painting a picture of more economic uncertainty for Caribbean economies for the rest of this year and next year, with tourism dependent nations like Barbados expected to be hardest hit. In its Regional Economic Update For Latin America And The Caribbean, released in Washington yesterday morning, the IMF lamented: “Growth in the Latin America and Caribbean (LAC) region has softened since our April report, reflecting the larger than anticipated impact of earlier policy tightening and the somewhat less favourable external environment.” With growth in the LAC’s largest economy – Brazil – slowing, the IMF urged that “policies need to be carefully calibrated to keep domestic demand and credit growth in check”. The IMF’s most significant warning, however, was reserved for the Caribbean where it said the challenges ahead were “more pressing” and “where the recovery has been held back by weak balance sheets” and reduced “external demand” for the region’s products and services.  


Dos and Donts

Welcome to our discussion forum here on We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus




Have you started preparation for this year's Hurricane season?