Economic Survey of the Caribbean 2020: Facing the challenge of COVID-19

Hendrickson, Michael
Tokuda, Hidenobu
Pantin, Machel
Skerrette, Nyasha
Victor, Keron
McLean, Sheldon
Alleyne, Dillon

2021-03-12

LC/TS.2021/1
LC/CAR/TS.2021/1

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Abstract .-- I. Global and subregional performance .-- II. Fiscal and debt performance .-- III. Monetary Policy .-- IV. External sector developments .-- V. COVID-19 focus .-- VI. Conclusion.

This survey examines the economic performance of economies of the Caribbean in 2019 and the first half of 2020 and comprises six chapters. The first chapter gives an overview of global, regional and subregional economic performance in the Caribbean. The second provides an analysis of the subregion’s fiscal performance and debt burden. The third looks at monetary policy and their imapcts. The fourth is focused on the external sector. The fifth chapter focuses on the COVID-19 lockdown measures implemented globally as well as in Caribbean countries and their impact on the tourism and energy sectors, while the sixth chapter concludes. The annex includes individual country briefs which give an overview of the economic situation for the Bahamas, Barbados, Belize, Guyana, Jamaica, Suriname, Trinidad and Tobago and a subregional assessment of the countries of the Eastern Caribbean Currency Union.

ECONOMIC INDICATORS; MACROECONOMICS; ECONOMIC ASPECTS; VIRUSES; EPIDEMICS; COVID-19; FOREIGN DIRECT INVESTMENT; NATIONAL ACCOUNTS; TOURISM; INFLATION; MONETARY POLICY; EXTERNAL DEBT; CREDIT; INDICADORES ECONOMICOS; TURISMO; ECONOMIC CONDITIONS; ECONOMIC GROWTH; FISCAL POLICY; CONDICIONES ECONOMICAS; CRECIMIENTO ECONOMICO; POLITICA FISCAL; DEUDA EXTERNA; POLITICA MONETARIA; CREDITO; INFLACION; INVERSION EXTRANJERA DIRECTA; CUENTAS NACIONALES; COVID-19; VIRUS; EPIDEMIAS; ASPECTOS ECONOMICOS; MACROECONOMIA;