Business
What China and Europe mean for the Caribbean
Sunday, March 25, 2012
China and Europe remain the biggest threats to the Caribbean’s economy, that is, Chinese deceleration and European debt.
But how vulnerable is the Caribbean to those potential external shocks? A recent study from the Inter-American Development Bank found that the Latin American and Caribbean remains resilient in the face of those external economic threats – meaning that, even if China’s growth decelerated and Europe’s debt crisis expanded, it would only mean a “relatively mild” recession in the region. To learn more, Caribbean Journal talked to Andrew Powell, principal ecoomic advisor for the IDB’s research department and the author of the report.