The region’s economy started off 2012 strong but weakened in the second quarter of the year over concerns about the speed of the global economic recovery, an organisation reported recently.
According to the Caribbean Centre for Money and Finance’s “Caribbean Economic Performance Report,” the Caribbean Community’s gross domestic product saw an average growth rate of 0.96 percent during Q2 2012. This compares to a GDP growth rate of 2.05 percent during Q2 2011.
“Economic activity in the CARICOM region continues to be clouded by uncertainties linked to the global economic slump that has existed for the past four years,” the report states.
Those uncertainties are causing local investors in the region to become more reluctant to deploy their capital, which in turn limits growth, the report states.
See the Jan. 10, 2013 edition for full coverage.
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