economic-growth

By NAN Business Editor

News Americas, NEW YORK, NY, Fri. June 24, 2016: While the global economy is still struggling and many countries in the Caribbean are facing a harsher world, there are at least five that are forecast to grow the fastest this year according to the latest IMF World Economic and Financial Surveys. Here are the top 5:

1: The Dominican Republic

The DR is set to show a growth of 5.4 percent this year, even though it’s a predicted drop from 7 percent last year. However, this Spanish Caribbean island forecast growth for 2016 still puts it in the number one spot ahead of other Caribbean nations.

2: Dominica

The Commonwealth of Dominica is set to grow 4.9 percent this year, after having a bad economic year in 2015.

3: St. Kitts & Nevis

The Eastern Caribbean island of St. Kitts & Nevis is forecast to grow some 4.7 percent this year and while it will be the third fastest forecasted growth nation in the Caribbean this year, the country’s growth is forecast to drop from 6.6 percent in 2015.

 4: Guyana

The South American CARICOM nation of Guyana is forecast to grow this year by 3.4 percent, up from 3 percent last year.

5: Grenada

The Spice Island of Grenada is set to register a 3 percent growth this year, the fifth fastest overall in the region, even though it’s a forecasted decline from the 4.6 percent growth from last year.

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