As the eurozone crisis rumbles on, African economies are taking a beating through reduced trade and aid. But overall, growth and investment trends are holding steady, and new opportunities opening up. Paralysis in the eurozone is a global problem. As the European Central Bank repeatedly tries to recapitalise the banking system – notably in Italy, [...]
European Economic Crisis Threatens Caribbean Growth
June 15, 2012 | Posted by
The continuing Eurozone crisis could contribute to the Caribbean seeing further weakened growth in the medium term, but an increased rate of growth is projected for the region due to expected strengthening in the US economy. The growth rate for Caribbean countries is expected to increase to 3.5 per cent for 2012 from the 2.7 [...]
Jamaica Still Shackled By Debt
May 14, 2012 | Posted by
Debt-shackled Jamaica’s interest payments as a percentage of gross domestic product were the highest in the world last year even after a domestic debt restructuring two years ago, according to a Washington-based think tank. A new report on Jamaica’s economy by the Center for Economic and Policy Research says the heavily-indebted Caribbean country’s total interest [...]
