annual report

Global financial markets demonstrated some fragility at the beginning of 2020, as frictions between the US and Iran continued to raise concerns and questions regarding the threat to global oil prices. The impact of GDP reduction in China on global trade was becoming more evident, while the US economy, which directly affects economic prospects in…

Growth in major markets slowed in 2019, affected by the increasing uncertainty in global political affairs, creating an increasingly unstable global climate that would pose some challenges for the socioeconomic situation in CARICOM Member States. The ongoing trade impasse between the USA and China, with projected increased tariffs on Chinese goods, was expected to send…

Global economic expansion slowed in the second half of 2018 following two years of strong performance, tariff increases between the United and a rise in policy uncertainty in many of the leading economies. Global growth reached 3.8 per cent in second half of the year. In the advanced economies, well as policy uncertainty in many…

The global economy strengthened in 2017, reaching a growth rate of 3.8 per cent, largely on account of an expansion in global trade. This recovery was led by increased investment in advanced economies, strong growth in emerging Europe and emerging Asia, as well as renewed growth in many commodity exporting countries. In many emerging markets and developing countries growth was largely…

The year 2016 was generally marked by subdued global growth and towards the end by uncertainty in the global economy, brought on in particular by the outcome of the US elections and the United Kingdom’s decision to exit the European Union. While it was largely felt that the risks of global recession had receded as…