IMF predict 1.7% growth for Barbados

IMF predict 1.7% growth for Barbados
19 Apr

The International Monetary Fund is predicting the Barbados' economy will grow by 1.7 percent this year.

The information is contained in its Global Economic Prospects report.

Panama will again lead growth in Latin America and the Caribbean with rates estimated at 5.8 percent this year and 6.1 percent the next.

Trinidad and Tobago’s economy is projected to grow by 0.3 percent in 2017.

Growth is expected to continue for Barbados in 2018 with the IMF projecting growth of 1.8 percent.

Overall, the IMF has raised its outlook for global growth, citing a post election surge in confidence in the United States, better prospects in large emerging markets and an uptick in global trade.

In a story carried by the Associated Press, IMF economic counsellor, Maurice Obstfeld says they are predicting growth of 3.5 percent this year in the world economy.