Bermuda's Ministry of Economy and Labour reported that the cost of goods in the country rose 3.7% year over year, the largest increase in 15 years. Minister of Economy and Labour Jason Hayward released the May 2022 Consumer Price Index (CPI) report. Hayward said the increase was
UN News - Billions of people are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, said the UN trade and development
Krishan Francis and Elaine Kurtenbach, AP News - Sri Lanka’s prime minister said late last month that the island nation’s debt-laden economy had “collapsed” as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and
JIS - The Statistical Institute of Jamaica (STATIN) reported that the economy grew by 8.2 per cent for the fiscal year 2021/22, compared to 2020/21. This was aided by a 6.4 per cent out-turn between January and March 2022, compared to the same period last year. In
More than 800 Haitians trying to get to the U.S. shores aboard a ship have instead landed in central Cuba. According to the report by The Guardian, this was the largest group of Haitians who are fleeing their crisis-stricken country in hopes of starting anew in
JIS - Jamaica's remittance inflows exceeded US$3.3 billion for 2021, representing an increase of over US$2.9 billion for 2020. Minister of State in the Ministry of Foreign Affairs and Foreign Trade, Senator the Hon. Leslie Campbell, in revealing the figures at the Global Diaspora Summit in
CARICOM Business - The Bahamas recorded real economic growth of 13.7% in 2021 with economic activity in nominal terms expanding by 15.6%. According to the Bahamas National Statistical Institute Wholesale and retail trade/motor vehicle repairs grew by 17%, Construction (38%), Accommodation and food services (65%) and
The Bank of Russia raised its key interest rate to the highest in almost two decades and imposed some controls on the flow of capital in a bid to shield the economy from the impact of sweeping Western sanctions that include penalties on the regulator
Many parts of the Caribbean landscape continue to erode from violence and economic uncertainty and it is giving locals, visitors, and expatriates heightened concern and a reason to pause. Ongoing reported crime against humanity does not discriminate– against whether members of the clergy, women, children, counsellors,
The International Monetary Fund (IMF) predicts that Dominica's gross domestic product (GDP) will get back to the percentage it was before the pandemic, equating to five per cent (5%) growth per year within 2022 to 2026. The COVID-19 pandemic has brought a “heavy toll” on Dominica's
