1945

Member countries of the Eastern Caribbean Currency Union

The economies of the Eastern Caribbean Currency Union (ECCU) continued to show positive growth for the sixth consecutive year. In 2007, growth slowed to 5.2% from 6.3% in 2006 as many public and private construction projects relating to the Cricket World Cup were completed. In addition, there was a significant deceleration in the tourism sector, which declined by 0.6% in 2007 compared with 6% growth in 2006. Fuelled by hikes in oil and food prices, especially in the last quarter of 2007, inflation stood at 6.1%, up from 1.3% in 2006, and is expected to continue to trend upwards in 2008. While remaining positive, economic growth is projected to slow in 2008 to 3.8%, mainly as a result of the slowdown in the United States economy and soaring international oil, food and other commodity prices.

Related Subject(s): Economic and Social Development
/content/books/9789210544580s010-c011
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error
aHR0cHM6Ly93d3cudW4taWxpYnJhcnkub3JnLw==