However, the latest Regional Economic Outlook for the Western Hemisphere shows the IMF is forecasting growth for the island in 2019.
According to Lat week’s IMF report, Dominica is expected to show negative growth of minus 16.3% in 2018, but will likely show by increase of 12.2% in 2019 over 2018.
Grenada is expected to register the highest growth for the next two years, at 3.6%; Guyana at 3.5% this year, and 3.7 next year.
St Kitts-Nevis will register economic growth of 3.5% this year, and drop to 3.2% the following year; Antigua & Barbuda 3.5% this year, and will fall to 3% in 2019.
The Bahamas’ growth for 2018 will be 2.5%, and drop to 2.2% next year.
The IMF figures show that St Lucia, St Vincent & the Grenadines and Haiti will all register economic growth of more than 2% in 2018 and remain stagnant the year after.
Latin America and the Caribbean on a whole is expected to increase from 1.3% in 2017 to 2% in 2018. In 2019, the IMF forecasts growth to continue to rise to 2.8%. In a report published in January 2018, the IMF said the government of Dominica’s revenue might take years to reach pre-Hurricane Maria levels.