From Antigua Observer

Antigua & Barbuda was the fastest growing economy in the Caribbean region in 2016 and resisted a wave of accelerating inflation, according to a report by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

The Preliminary Overview of the Economies of Latin America and the Caribbean reported that Antigua’s 4.2 per cent growth rate was the largest in the Caribbean, and that Antigua held a static rate of inflation while inflation accelerated in the region.

Variances in the rate of inflation in Latin America and the Caribbean as reported by ECLAC in the 2016 edition of the Preliminary Overview of the Economies of Latin America and the Caribbean (ECLAC)

GDP growth rates of Latin America and the Caribbean as reported by ECLAC in the 2016 edition of the Preliminary Overview of the Economies of Latin America and the Caribbean (ECLAC)

“That’s very good,” McCarthy Marie, an economist for the Caribbean region, said. “It is as good as it sounds.”

Within the wider region of Latin America and the Caribbean, Antigua was the fourth fastest growing economy, behind only the Dominican Republic, Panama, and Nicaragua.

However, ECLAC’s forecast for the economy in Antigua & Barbuda projects a drop in growth to 2.9 per cent in 2017, contradicting government forecasts that growth would peak above 5 per cent.

IMAGE: SOURCE: ophtek.coM

For more on this story go to: http://antiguaobserver.com/eclac-ab-fastest-growing-cbean-economy-for-2016/