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IMF revises world economic growth outlook down 0.2
IMF revises world economic growth outlook down 0.2
The International Monetary Fund (IMF) has moderated its growth expectations for the world economy since October, cutting its 2016 and 2017 forecasts across the board by 0.2 percent in the face of a slower-than-expected pickup in global activity, particularly Latin America and the Caribbean, where the IMF is now projecting a contraction of 0.3 percent in 2016, following a contraction in 2015, befor...
Doha and the Caribbean
Doha and the Caribbean
Unlike the recent climate change talks in Paris, or even the late September global agreement on sustainable development goals at the UN - despite its equal importance - the outcome at the World Trade Organization's (WTO) Tenth Ministerial meeting in Nairobi, was scarcely mentioned in the Caribbean media.
Wilson calls for 'quantum leap forward' on trade
Wilson calls for 'quantum leap forward' on trade
Two trade missions are hitting Grand Bahama in the coming weeks, one from China and one from Houston, Texas, and as the business community on that island and in the wider country considers the question of international trade, chartered accountant and business mogul Franklyn Wilson said The Bahamas must take "a quantum leap forward".
Pre-financial Crisis Factors Persist, ECLAC Warns: Trade Overhaul Needed
In its 2015 annual report, released this month, the Division of International Trade and Integration of the Economic Commission for Latin America and the Caribbean (ECLAC) asserted that the factors that contributed to the crisis of 2008 and 2009 have persisted.
Surging U.S. natural gas production an opportunity for the Caribbean
As The Bahamas continues to wrangle with ways to cut energy costs along with the rest of the region, a surge in U.S. natural gas production from the shale boom could lead--through significantly increased U.S. gas exports to the region--to lower electricity prices, reduced carbon emissions and more secure energy supplies in the region.
Trade deficit increases by 21
Trade deficit increases by 21
According to the 2014 Annual Foreign Trade Statistics Report, the trade deficit increased by 21.4 percent between 2013 and 2014, resulting in a negative trade balance of $3.1 billion, which represented the highest deficit over the five year period 2010-2014.
U.S.-Cuban rapprochement and the European Union - part 1
The European Union (EU), which has been working to normalize its ties with Cuba since 2010, defined the announcement of the reestablishment of the United States-Cuban relations as a ?historical turning point.?
Respect and homage to all who perished during the American occupation of Haiti
Finally I am in Mont Organis?, a small mountainous village located in the northeast of Haiti! It has been over 20 years since I met, in Queens, New York, two kind ladies from Mont Organis?. For them, Mont Organis? is paradise on earth. The weather is fabulous at any time of the year and there is lush vegetation.
Miller begs govt to ban copper, aluminum exports
Miller begs govt to ban copper, aluminum exports
Bahamas Electricity Corporation (BEC) Executive Chairman Leslie Miller said the increased cost of doing business associated with value-added tax (VAT) pales in comparison to the costs associated with copper and aluminum theft.
Christie: LNG will be hot topic in Bahamas
Christie: LNG will be hot topic in Bahamas
The government of The Bahamas has renewed its conversations with liquified natural gas (LNG) producers to explore the prospects for that energy source in The Bahamas, and in fact, Prime Minister Perry Christie said in the margins of the Caribbean Energy Security Summit (CESS) that the government is talking with "one of the major players for natural gas who has just gone into Jamaica."