Published 14 August 2017
Buckie Got It, St. Kitts and Nevis News
Latin America Monitor predicts economic growth in St. Kitts and Nevis will decelerate in 2017 and 2018
LONDON, ENGLAND, AUGUST 14TH 2017 – Another international institution predicts that economic activity growth in St. Kitts and Nevis will decelerate in 2017 and 2018, due to reduced foreign investment and slowing tourism growth.
“That said, growth will hold relatively steady over the coming years, supported by the tourism sector,” said Latin America Monitor, part of BMI Research’s extensive portfolio of analysis. Established in 1984, BMI is a leading publisher of specialist business information on global emerging and frontier markets..
In its forecast, Latin America Monitor said St. Kitts and Nevis will see economic activity growth decelerate over the next two years.
“Weaker investment inflows from its Citizenship-By-Investment (CBI) programme will weigh on construction activity, and slowing tourism growth will weigh on consumption. That said, we remain fundamentally positive on the country’s tourism outlook, which will keep growth relatively stable over the coming years,” the publication said.
“We have downwardly revised our real GDP growth forecast for 2017, from 4.3% to 3.2%. We also now estimate that growth fell to 3.5% in 2016, from 3.8% in 2015, in light of lower expenditures and softer trade data,” Latin America Monitor stated.
It said its growth forecast for 2018 remains broadly unchanged, at 3.5%.
The Latin America Monitor is a monthly newsletter giving systematic country-by-country coverage for the region, with essential news, analysis and forecasts.
With customers in over 160 countries, BMI has an international reputation for not only its highly respected analysis of news and events, but also for its leading forecasts that subscribers soon come to rely upon. More than half of the Global Fortune 500 companies, in addition to governments, banks and research centres around the world benefit from BMI’s mission to provide executives with authoritative analysis and forecasts to make informed global decisions.
