CDB president calls for resilience, transformation to drive regional economic growth

Dr William Warren Smith delivers remarks at the 2019 Annual News Conference

BRIDGETOWN, Barbados — Although grappling with challenges related to climate change; wide fiscal deficits and high public debt; as well as high unemployment, the Caribbean Development Bank (CDB) has projected that the region’s economy is expected to grow by 2 percent in 2019.

CDB president, Dr Wm. Warren Smith shared the bank’s forecast at its annual news conference, held in Barbados last week.

“Despite projections of deceleration in global economic activity, the 2019 economic outlook for our borrowing member countries is positive. CDB is projecting that real GDP growth will be around 2 percent, as construction, tourism, and the extractive industries such as gold and oil are expected to…

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