World Bank ‘looking glass’ see encouraging signs for the Caribbean on a challenging global performance landscape

Still preoccupied with emergency measures designed to stave off what some international agencies described as serious food security challenges, the Caribbean has been the recent recipient of what is perhaps a surprisingly upbeat 2024 prognosis for its economic prospects, going forward, from the World Bank.  In its recently published Global Economic Prospects Report for 2024, the Bank asserts that for all its recent – and in some instances – ongoing economic challenges – Caribbean economies remain poised for some measure of growth in both 2024 and 2025. The upbeat news for Caribbean economies comes even as the World Bank recounts the economic squeeze felt by the region last year which was characterized by a notable economic slowdown that brought with it some debilitating consequences for many of the countries in the region.