World Bank Report: 1.7 percent GDP in Dominica

gdpThe World Bank has predicted a 1.7 percent GDP growth for Dominica in 2014.

This was revealed in the Bank’s recent mid-year Global Economic Prospects report, which included its updated growth projections for the Caribbean.

Within the Caribbean, Guyana was projected to post the biggest improvement, with a forecast of 4.4 percent growth, followed by the Dominican Republic at 4 percent and Haiti at 3.6 percent.

In the wider Caribbean basin, Panama led the way, with a projected GDP growth rate of 6.8 percent in 2014.

Regionally however, the Bank said growth remained “broadly flat” in Latin America and the Caribbean, reflecting “stable or declining commodity prices, the continued slowdown in China, the drop in first quarter U.S GDP growth and domestic challenges.”

Growth rate for other countries included; Colombia 4.6 percent, Belize 2.5 percent, St. Vincent 1.7 percent, Jamaica 1.1 percent and St. Lucia 0.9 percent.

The report did not include GDP data for overseas territories or for Antigua, the Bahamas, Barbados or Grenada.

© 2012 SAT Telecommunications Ltd.

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