WASHINGTON, CMC – The International Monetary Fund (IMF) says Caribbean countries will experience economic growth of just over one per cent this year, even as Latin America and the Caribbean will record half a percent economic growth in 2013.
The IMF said that the growth will be supported by stronger external demand, favourable financing conditions and the effects of earlier policy easing in some countries.
In its Regional Economic Outlook for the Western Hemisphere, the IMF said that the Latin America and the Caribbean countries would experience growth from three per cent in 2012 to 3.5 per cent this year.
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