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ECCU Growth Outlook Positive Despite Global Economic Headwinds

  • Positive economic outlook for ECCU member states

Timothy Antoine, Governor of the Eastern Caribbean Central Bank (ECCB), says the Eastern Caribbean Currency Union (ECCU) economies are growing and inflation is falling.

Tourism is predicted to lead the ECCU’s economic recovery in 2024, as it did in 2023.The Council stated that tourism receipts in the first three quarters of 2023 exceeded those in 2019 over the same period.

The communique issued after the ECCB Monetary Council held here last weekend under the chairmanship of St. Vincent and the Grenadines Finance Minister Camillo Gonsalves quoted Antoine as saying that strategic reforms create resilience and boost growth.

Antoine suggested investing more in food and nutrition stability to enhance shock resilience.

In his January-December report, “The Big Push: Implementation for Impact in an Era of Elevated Uncertainty,”…

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