Concerns over numbers
The Barbados-based Caribbean Tourism Organization (CTO) will next month celebrate its 25th anniversary amidst a call for the region to be promoted as a single destination. CTO Chairman, Beverly Nicholson Doty, in a Christmas message, said that her wish for the sector in 2014 was that Caribbean countries commit themselves to promoting the region as one destination.

Published in Tourism

Looking to the year ahead, how do we see the global economic landscape, and what will this mean for our region? This question is especially on people’s minds today, given the risks of deflation in advanced economies and of sustained turbulence in emerging markets.

Despite these risks, we expect that the region will grow a little faster than last year—increasing from 2.6 percent in 2013 to 3 percent in 2014. Stronger global demand is one part of the story, but not the whole story; volatility is likely to be a significant feature of the landscape ahead. And regional growth rates will still
be in low gear compared to historical trends, and downside risks to growth remain. So, let’s start with the global scene.

Published in Economy
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