BAHAMAS – The inability of American lawmakers to agree on budgetary measures threatens small Caribbean economies, asserts a former finance minister.
“A US fiscal cliff can be an economic cliff for small states,” contends Zhivargo Laing, a noted Caribbean economist and former finance minister for the Bahamas.
“Small Caribbean economies rely significantly on trade with the US, either through tourism or some other economic activity,” he added “and especially share concerns about US economic and fiscal prospects.”
