Caricom

Since 2015, most of the members of the Caribbean Common Market (Caricom) have experienced low economic growth rates (Figure 6.1). The region’s modest economic performance cannot be solely attributed to the weak performance of the global economy following the end of the commodities boom and the sluggish recovery of energy-related returns for the oil- and gas-exporting economies of Belize and Trinidad and Tobago. Rather, this trend is symptomatic of structural issues related to the labour market, public sector inefficiency and weak legislative support for business in the Eastern Caribbean (IMF, 2019).

Sustainable Development Goals:

Reduced Inequalities

Industry, Innovation and Infrastructure