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CDB’s Outlook On Caribbean Economies For 2016
posted (February 24, 2016)

Today in St. Michael, Barbados, the Caribbean Development Bank held its annual news conference to review the economic performance of the region, and to discuss the bank's various interjections.  Jules Vasquez was at the CDB Headquarters along with 20 other Caribbean journalists for the two hour press conference this morning.  Bank President Dr. Warren Smith said there is guarded optimism about the performance of Caribbean economies in 2016:...

Dr. William Warren Smith - President, CDB

"We could say that 13 of the 19 baring member countries in CDB's membership, we would expect that to grow faster in 2016 than they did in 2015. But two of our stronger credits, that is Trinidad and Tobago and Suriname will experience negative growth in 2016. So ladies and gentlemen I want to conclude that Caribbean economies are in something of a recovery mode and in my view that's fair comment except that this recovery is occurring at a time of great uncertainty in what is emerging as somewhat topsy- turvy external environment. Ladies and gentlemen let me conclude my presentation by saying simply that I am guardedly optimistic about 2016. Economic recovery remains fragile but we expect that countries will continue on an upward growth trajectory."

 

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