Presentation delivered by Mr. Ian Durant, Director of Economics at the 2020 Annual News Conference on February 1, 2022 at CDB's Headquarters in Barbados.
Real GDP growth improved to 1.8% y/y in Q3'18 driven wholly by the continued expansion in non-oil activities to 2.3%, the highest since 2016. The services sector is largely responsible for the sustained improvement in the non-oil sector, on account of growth in information & communication technology (ICT).
Our Economist hold that for economic growth to be inclusive, the FG has to ensure that real GDP grows at a faster rate than population growth. We believe that intensifying focus on the Economic Recovery and Growth Plan (ERGP) reforms in Q1'19 will improve non-oil sector growth, particularly in manufacturing. This growth should be supported by ongoing business reforms including legislative reforms facilitated by the Presidential Enabling Business Environment Council (PEBEC) and the Senate. Furthermore, boosting oil production to normal level may provide much-needed revenues to support macro-economic growth.
Economic recovery remains lackluster...
Real GDP growth improved to 2.4% (Q3'18: 1.8%), sustaining its quarterly climb from Q2'18. The marginal improvement in GDP continues to be driven wholly by expansion in non-oil sector activities, which grew further to 2.7%. This time around, the agriculture sector also contributed to the sustained improvement in the sector, even as the services sector continues to undergird non-oil growth.
However, when compared with the corresponding quarter in 2017 (Q4'17: 2.1%), GDP growth was marginal. This indicates that the country's economic recovery remains flat and below expectations.
Read our detailed analysis of Nigeria's Q4'18 GDP figures and other economic projections in our latest Nigeria Economic Alert.
Latin America is set to return to growth this year, however, political risks to the outlook are high. What could this mean for growth in 2018? Read our latest Latam economic outlook here to find out more:
http://bit.ly/2ysyDpc
Real GDP growth improved to 1.8% y/y in Q3'18 driven wholly by the continued expansion in non-oil activities to 2.3%, the highest since 2016. The services sector is largely responsible for the sustained improvement in the non-oil sector, on account of growth in information & communication technology (ICT).
Our Economist hold that for economic growth to be inclusive, the FG has to ensure that real GDP grows at a faster rate than population growth. We believe that intensifying focus on the Economic Recovery and Growth Plan (ERGP) reforms in Q1'19 will improve non-oil sector growth, particularly in manufacturing. This growth should be supported by ongoing business reforms including legislative reforms facilitated by the Presidential Enabling Business Environment Council (PEBEC) and the Senate. Furthermore, boosting oil production to normal level may provide much-needed revenues to support macro-economic growth.
Economic recovery remains lackluster...
Real GDP growth improved to 2.4% (Q3'18: 1.8%), sustaining its quarterly climb from Q2'18. The marginal improvement in GDP continues to be driven wholly by expansion in non-oil sector activities, which grew further to 2.7%. This time around, the agriculture sector also contributed to the sustained improvement in the sector, even as the services sector continues to undergird non-oil growth.
However, when compared with the corresponding quarter in 2017 (Q4'17: 2.1%), GDP growth was marginal. This indicates that the country's economic recovery remains flat and below expectations.
Read our detailed analysis of Nigeria's Q4'18 GDP figures and other economic projections in our latest Nigeria Economic Alert.
Latin America is set to return to growth this year, however, political risks to the outlook are high. What could this mean for growth in 2018? Read our latest Latam economic outlook here to find out more:
http://bit.ly/2ysyDpc
Covid-compressed incomes? The past, present and future of crisis-hit living s...ResolutionFoundation
The coronavirus public health crisis has prompted the biggest economic downturn in a century, the sharpest rise in benefit claims since records began, and a £190 billion policy response. These are big numbers and stark records, but what do they all amount to for the economic measure that matters the most – households’ disposable incomes?
Who has borne the brunt of the crisis so far, and who has the Government helped the most? How much difference has policy made? And what comes next for household living standards, particularly for families on low-to-middle incomes?
The Resolution Foundation is hosting an interactive webinar to debate and answer these questions. It will begin by presenting the highlights from its annual Living Standards Audit that examines the impact of the crisis on household incomes, before hearing from leading experts – including Shadow Chancellor Anneliese Dodds – on what should be done to both safeguard and lift living standards in the next phase of the crisis. Viewers will be able to submit questions to the panel before and during the event.
The federal budget is on an unsustainable path. This slideshow presents the publicly-held federal debt and the net interest on that debt as a share of gross domestic product for fiscal years 1969 to 2048.
Jim Wiesemeyer - Washington Update: Will Dysfunctional Washington Ever FunctionJohn Blue
Washington Update: Will Dysfunctional Washington Ever Function - Jim Wiesemeyer, Informa Economics, from the 2014 Iowa Pork Congress, January 22-23, Des Moines, IA, USA.
More presentations at http://www.swinecast.com/2014-iowa-pork-congress
Rarely has there been more uncertainty regarding the course of the public finances over the next five years. In this note we aim to answer some of the big questions for the economy in light of the 2021 budget.
Presentation delivered by CDB's Director of Economics, Mr. Ian Durant at the 2024 Annual News Conference on February 20, 2024 at CDB's Headquarters in Barbados.
Covid-compressed incomes? The past, present and future of crisis-hit living s...ResolutionFoundation
The coronavirus public health crisis has prompted the biggest economic downturn in a century, the sharpest rise in benefit claims since records began, and a £190 billion policy response. These are big numbers and stark records, but what do they all amount to for the economic measure that matters the most – households’ disposable incomes?
Who has borne the brunt of the crisis so far, and who has the Government helped the most? How much difference has policy made? And what comes next for household living standards, particularly for families on low-to-middle incomes?
The Resolution Foundation is hosting an interactive webinar to debate and answer these questions. It will begin by presenting the highlights from its annual Living Standards Audit that examines the impact of the crisis on household incomes, before hearing from leading experts – including Shadow Chancellor Anneliese Dodds – on what should be done to both safeguard and lift living standards in the next phase of the crisis. Viewers will be able to submit questions to the panel before and during the event.
The federal budget is on an unsustainable path. This slideshow presents the publicly-held federal debt and the net interest on that debt as a share of gross domestic product for fiscal years 1969 to 2048.
Jim Wiesemeyer - Washington Update: Will Dysfunctional Washington Ever FunctionJohn Blue
Washington Update: Will Dysfunctional Washington Ever Function - Jim Wiesemeyer, Informa Economics, from the 2014 Iowa Pork Congress, January 22-23, Des Moines, IA, USA.
More presentations at http://www.swinecast.com/2014-iowa-pork-congress
Rarely has there been more uncertainty regarding the course of the public finances over the next five years. In this note we aim to answer some of the big questions for the economy in light of the 2021 budget.
Presentation delivered by CDB's Director of Economics, Mr. Ian Durant at the 2024 Annual News Conference on February 20, 2024 at CDB's Headquarters in Barbados.
Federal Budget FY21: A Barrier Eclipsing ReliefSCPL Capital
FY21 : Key Budgetary Targets
GDP is expected to grow 2.2% vs. -0.4% in FY20e
Inflation to clock in at 6.5% as compared to 10.9% in FY20e
PSDP allocation of 1.3trn (up 13% YoY)
Tax revenue targeted at PKR4.7trn (up ~1trn YoY)
Fiscal Deficit to stand at 7% vs. 9.1% in FY21
EY's summary and analysis of Dr. Ashni Singh's 2021 Guyana National Budget for Guyana South America the Caribbean's wealthiest and fastest growing economy
Public Presentation of Approved 2022 FGN Budget FinalNGFSecretariat
At the public presentation of the approved 2022 budgets, there were breakdowns and highlights made by the Honourable Minister of Finance, Budget, and National Planning, Mrs. (Dr.) Zainab Shamsuna Ahmed.
Recent budgeting developments - Mohammed Reezal Amad, MalaysiaOECD Governance
This presentation was made by Mohammed Reezal Amad, Malaysia, at the 14th OECD-Asian Senior Budget Officials Meeting held in Bangkok, Thailand, on 13-14 December 2018
Presentation delivered by CDB's President (Ag.), Mr. Isaac Solomon, President (Ag.) at the 2024 Annual News Conference on February 20, 2024 at CDB's Headquarters in Barbados.
Presentation delivered by CDB's Director of Projects, Mrs. Therese Turner-Jones at the 2024 Annual News Conference on February 20, 2024 at CDB's Headquarters in Barbados.
Keynote: From Structural Vulnerability to Resilient Prosperity in Small Islan...Caribbean Development Bank
Keynote address delivered by Dr Emily Wilkinson, Senior Research Fellow and Director, Resilient and Sustainable Islands Initiative, ODI at UK Caribbean Infrastructure Conference in November 2023.
Despite the well-recognised potential for, and steps to promote, energy efficiency progress in deployment has been slow.
Scaling up an integrated utility service model presents an opportunity for the utility to become a player within the emerging energy service paradigm in the region.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
5. 2.7%
GROWTH
+
Commodity Exporters
Guyana
Continued growth in
mining and quarrying
industry driven by
crude oil extraction.
2021
2020
19.9%
Suriname
Reduced purchasing power
following fiscal consolidation
and exchange rate
depreciation; protracted
lockdowns and curfews.
-3.5%
2021
2020
Trinidad and Tobago
Mandated closure of
service sector entities;
lower natural gas
production.
-2.9%
2021
2020 -7.4%
43.5% -15.9%
6. Expenditure containment
and Growth
2018 2019 2020 2021
-
FISCAL
Debt
66.5 64.8
82.5
80.5
Central Government Debt (% of GDP)
Biggest Changes
78.5%
89.5%
Saint Vincent
and the
Grenadines
104.8%
127.9%
Belize
128.9%
147.7%
Suriname
Average Regional Debt
(% of GDP)
97.0%
102.1%
Commonwealth
of
Dominica
8. Risks to the Outlook
There are downside
risks to the outlook
OUTLOOK
Inflation
Price pressures due to logistical
challenges and resource constraints will
challenge recovery efforts and
disproportionately affect vulnerable
groups.
New COVID-19 Variants
Growth prospects could recede if new
variants emerge and slow the
recovery.
Geopolitical Tensions
In a time of rising inequality and
widening paths of growth – any
unforeseen shocks threatens to be
more contagious and long lasting
across the globe.
Rising Interest Rates
Monetary policy tethered on reversing the
COVID-19 low-growth/high inflation reality:
U-turn in interest rates or accommodative
stance in spite of inflationary pressures.
Adverse Climate Events
The increased occurrence and intensity of
natural disasters within the region remain a
direct threat to both regional growth and
debt sustainability.
9. BMC
Growth
Outlook
2022
OUTLOOK
Highest increases expected in:
Guyana Anguilla
Barbados
Saint Lucia
+ 47.5% + 7.1%
+ 7.6%
+ 8.1%
Average projected
growth in BMCs
9.1%
Service Exporters Commodity Exporters
ANG ANT BAH BAR BZE BVI CAY DOM GRE HAI JAM MON SKN SLU SVG TCI GUY SUR TT
7.1
5.0 6.3 7.6 6.5
4.0
5.0 3.8 4.5 4.3
0.3
6.4
4.5
8.1
4.0 4.8
47.5
1.8
5.4
10. Debt and Fiscal Outlook 2022
2015 2016 2017 2018 2019 2020 2021 2022
0
20
40
60
80
100
Debt (% GDP)
Regional Commodity Exporters Service Exporters
SUSTAINABILITY
THRESHOLD
As the region
continues to
recover, we expect
an improvement in
regional debt
dynamics and the
intensification of a
trend towards
sustainability.
OUTLOOK
12. The continued advancement
of standards of living and the attainment
of the SDGs must rest
on a platform of sustained,
diversified export growth.
“
“