Caribbean Analysis

Risk Summary - Puerto Rico - JUNE 2014

Puerto Rico's governor, Alejandro García Padilla, rolled out a balanced budget on April 29. The proposed budget plan for the financial year, which begins July 1, focuses on spending cuts and...

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Economic Analysis - Recession To Remain As Consumption Continues To Weaken - JUNE 2014

We expect recessionary conditions in Puerto Rico to prevail through fiscal year 2015 at least, as declining household spending, driven by weak labour market dynamics, will continue to weigh on overall economic activity. In addition, as the government attempts to improve a precarious debt position, fiscal pressures will drive authorities to cut back on spending, further hampering private consump...

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Risk Summary - Puerto Rico - MAR 2014

Puerto Rico's energy regulator, Autoridad de Energía Eléctrica (AEE) has renegotiated cheaper power purchase agreements (PPAs) with six firms constructing large-scale photovoltaic...

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Macroeconomic Forecasts - Puerto Rico - MAR 2014

Consumer price inflation in Puerto Rico came in at 0.8% year-on-year (y-o-y) at the end of 2013, averaging 1.1% last year. Weak domestic demand, as the commonwealth continues to experience recessio...

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Macroeconomic Forecasts - Jamaica - FEB 2014

Owing in part to a weakening currency which has increased the price of imports, Jamaican consumer inflation has reached double digits for the first time since early 2011. We expect that price...

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Risk Summary - Jamaica - FEB 2014

The governments of Jamaica and Trinidad & Tobago have entered into an agreement to improve free trade and free movement between the countries. Trinidad & Tobago's foreign minister said...

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