BMI Publishes New Special Report, 'Caribbean: Still Trouble In Paradise, Four Years On'
Business Monitor International (BMI) has just published a new special report, Caribbean: Still Trouble in Paradise, Four Years On. It examines the economic challenges and systemic risks facing the Caribbean region in the aftermath of the global financial crisis of 2008-2009, and outlines how the region could evolve over the coming years.
Below, we list some of the key themes explored in the new report:
- A declining offshore financial services sector poses downside risks to regional growth.
- The tourism industry, while reviving, will grow at a slow pace, limiting the region's ability to recover.
- Caribbean transhipment hubs will face increasing competition from stronger capacity at US ports.
- Systemic risks confronting the region are as high as ever, and we see scope for additional credit events.
- The prospect of balance of payments crises in the Caribbean will test central banks' resolve to maintain existing currency pegs to the US dollar.
- Changing economic policy priorities in Venezuela could see favourable terms for fuel imports being revised, potentially exacerbating already precarious external trade positions.
- Political fallout from additional crises will be significant, and could stall the region's drive for independence from sovereign European governments.
The report also includes profiles of the following countries and territories:
Antigua & Barbuda, Bahamas, Barbados, Belize, Bermuda, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, Puerto Rico, Saint Lucia, St Kitts & Nevis, Suriname, Trinidad & Tobago.
The report demonstrates BMI’s ability to look beyond near-term trends and to utilise our breadth and depth of knowledge to paint detailed scenarios relevant to companies with a regional and multi-sector focus.