By Peter Richards
BRIDGETOWN, Barbados, Oct 9, CMC – The World Bank Wednesday said that economic growth in the Caribbean this year will be 1.9 per cent increasing to a “modest recovery” of 2.6 per cent” in 2025.
The World Bank´s Chief Economist for Latin America and the Caribbean, William Maloney, speaking at a virtual new conference, where the Washington-based financial institution presented its economic review titled “Taxing Wealth for Equity and Growth,” said Guyana will continue to lead the economic progress in the region.
Asked by the Caribbean Media Corporation (CMC) what are the pitfalls the Caribbean region could encounter in the new year, Maloney said they need to diversify “to the better use in the case of countries that are exporting trained labour to the United States and to other areas to make those more sustainable models of development rather than treating them as brain drain.
(Details in Business section)
CMC/2024