The Caribbean Development Bank (CDB) is projecting growth for Dominica’s economy in 2016.
In fact, the CDB has projected the island’s economy will be among the top three performers in the Caribbean this year.
According to the CDB, the top economic performers in 2016 will be the Turks and Caicos, with growth rate of 5.4 percent, followed by St. Kitts and Nevis at 4.5 percent and Dominica at 3.9 percent.
At its annual press conference on Wednesday, the CDB pointed out that 13 of its 10 borrowing member countries are expected to show faster growth this year as compared to last year while Trinidad and Tobago and Suriname are expected to experience negative growth.
President of the Bank, Dr. William Warren Smith, said he is ‘guardedly optimistic’ about Caribbean economies in 2016, noting they are in a ‘recovery mode.’
“I want to conclude that Caribbean economies are in something of a recovery mode and in my view that’s fair comment except that this recovery is occurring at a time of great uncertainty in what is emerging as somewhat topsy- turvy external environment,” he said. “Ladies and gentlemen let me conclude my presentation by saying simply that I am guardedly optimistic about 2016. Economic recovery remains fragile but we expect that countries will continue on an upward growth trajectory.”