But despite the threat that de-risking poses to economic growth - the growth outlook for Belize in 2017 is above average. The CDB projects it at 2.7% - which is higher than the regional average - and higher than last year's anemic 2%. The Director of economics explained why:...
Jules Vasquez "Tell me why this relatively optimistic outlook for Belize in an otherwise down year?"
Dr. Justin Ram - Director of Economics, CDB "Well for Belize, you have to remember that last year they would have experienced some difficulty with respect to its agriculture sector. We don't see, we are hoping that some of those difficulties would not happen again this year. There is also significant investment in the public sector taking place. We see Belize making significant progress there. Driven as well by economic activity with respect to capital expenditure. We expect the agriculture sector as I said earlier to recover as well within Belize and that should be good. However, we do know that there are some risk. Remember the days of forecast and there are risk on the horizon. Most of all is respect to corresponding banking. For Belize this is real risk."
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But despite the threat that de-risking poses to economic growth - the growth outlook for Belize in 2017 is above average. The CDB projects it at 2.7% - which is higher than the regional average - and higher than last year's anemic 2%. The Director of economics explained why:...
Dr. Justin Ram - Director of Economics, CDB