“Overall in the Caribbean region, growth is projected at 3.3 per cent for this year. Last year, growth for the Caribbean region was estimated at 2.4 per cent in 2013, slightly slower than in the last two years.”
The report notes that Latin America and the Caribbean are expected to hasten their growth to 3.6 per cent and 4.1 per cent respectively in the next couple of years, up from 2.6 per cent in 2013.
The WESP report attributes the positive growth in 2014-2015 to sound macroeconomic policies, resilient domestic demand and the gradual recovery in developed economies. via – JamaicaObserver.com