Business
Haiti project to post highest growth in the Caribbean in 2013
Haiti is projected to lead the Caribbean in gross domestic growth (GDP) growth in 2013, according to a new report from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).
Haiti had been projected to lead the region in GDP growth in 2012, with growth of more than 6 percent, but its estimated growth for 2012 was lowered by ECLAC. That followed a similar downward projection by the International Monetary Fund, which cited a series of damaging storms as a major factor (along with a low execution of public capital spending). Haiti grew by 5.6 percent in 2011.
Jamaica is projected to post the Caribbean’s slowest growth in 2013, at 0.1 percent.
With Haiti’s lowered projection, Belize posted the highest estimated growth in the Caribbean in 2012, with a rate of 4.2 percent.
