Information Americas, New York, NY, April 22, 2025: The Worldwide Financial Fund, (IMF) is now forecasting a marked financial slowdown for the Caribbean in 2025, projecting regional development to say no to 4.2%, down sharply from a exceptional 12.1% surge in 2024.
This newest outlook, revealed within the IMF’s April 2025 World Financial Outlook report, attributes the sooner increase to a powerful post-pandemic rebound in tourism, which is now starting to normalize. The revised forecast comes amid broader issues about slowing world development tied to rising commerce tensions pushed by new U.S. tariffs beneath President Donald Trump.
The IMF’s Chief Economist, Pierre-Olivier Gourinchas, emphasised the influence of those insurance policies, stating that “the worldwide financial system that has operated for the previous 80 years is being reset,” citing traditionally excessive U.S. tariff charges and an increase in coverage uncertainty.
Regardless of the slowdown, a number of Caribbean nations are nonetheless anticipated to report stable development, albeit at extra modest ranges than in 2024. Guyana stays a standout performer, with a projected 10.3% GDP development in 2025, although that’s a steep drop from the astonishing 43.6% recorded in 2024.
| Nation | GDP Progress Forecast (%) – 2025 |
|---|---|
| Guyana | 10.315 |
| Dominica | 4.22 |
| Dominican Republic | 4.021 |
| Grenada | 3.892 |
| Suriname | 3.202 |
| Belize | 3.218 |
| Barbados | 3.000 |
| Antigua and Barbuda | 3.048 |
| St. Lucia | 3.035 |
| St. Vincent and the Grenadines | 4.7 |
| Guatemala | 4.1 |
| Aruba | 2.2 |
| Jamaica | 2.1 |
| St. Kitts and Nevis | 1.964 |
| Trinidad and Tobago | 2.367 |
| The Bahamas | 1.8 |
| Haiti | -1.0 |
Tourism, remittances, and financial ties with the U.S. proceed to assist the area, although the final slowdown in world commerce is dampening momentum.
In distinction, Haiti stays in financial misery, with the IMF forecasting a continued contraction of -1% in 2025, although this marks an enchancment from -4.2% in 2024.
In the meantime, Latin America’s total development can also be projected to sluggish to 2.0% in 2025 from a beforehand estimated 2.5%, with Mexico seeing a destructive forecast of -0.26% subsequent yr.
The Caribbean, whereas nonetheless projected to develop, should now navigate a extra unsure world setting formed by geopolitical tensions and shifting commerce dynamics.
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