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Rebound in growth expected, improving fiscal conditions
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Barring Puerto Rico, the economies of Costa Rica, the Dominican Republic, Guatemala, Panama, Jamaica, and Trinidad & Tobago are on a stable growth path in the second half of 2019. The regional Gross Domestic Product (GDP) at constant prices is estimated to register 3.2% growth in Q4 2019 and is forecast to grow by 2.8% annually. There are signs of improvement in the trade situation due to the decline in global interest rates. Costa Rica expects a subdued growth due to slowed down activity. Panama is expecting a rebound in 2019 supported by strong construction activities, whereas the Dominican Republic might slightly decelerate. Growth in Guatemala and Trinidad & Tobago will accelerate supported by improving domestic demand. Puerto Rico is likely to continue its recession through the forecast period with heavy migration resulting in drop in population. Country Coverage: Central America and Caribbean · Costa Rica· Dominican Republic· Guatemala· Panama· Puerto Rico· Trinidad & TobagoSector Coverage: economic indicators, demographics, energy, manufacturing, food and beverages, chemicals, pharmaceuticals, plastics, mining, electricity, construction, agriculture, healthcare, information and communication technologies.Indicator coverage: Gross Domestic Product (GDP) and its components, GDP growth, export and import, foreign direct investment, inflation, business confidence, population and demographics, index of industrial production (IIP), value-add by industry, trade by industry, IIP by industry, production of important commodities, oil production and consumption, oil export and import, renewable energy, emissions, coal production and consumption, healthcare spending, Internet and mobile subscription, and regional GDP growth calculation.Year, Quarter, and Month Coverage:· Yearly data: 2015–2023· Quarterly data: Q1 2015–Q4 2020 (Select Indicators)· Monthly data: January 2015–June 2019 (Select Indicators)Author: Rituparna Majumder
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