With the global economy still struggling, many countries in the Caribbean are facing a harsher world than they did just a few years ago. The growth outlook is weaker in advanced and emerging economies alike, while the gradual slowdown and rebalancing of economic activity in China is likely to keep commodity prices lower for longer.
In the IMF’s latest Regional Economic Outlook for the Western hemisphere Dominica’s reported projected GDP for 2016 falls at 4.9%, which is said to be higher than 2015’s estimate of -4.3%.
For 2017, the IMF expects the region to bounce back to 1.5% growth, and some suggest that Dominica may show a growth of 3.5%.
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