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Caribbean recovery likely, says IMF

Caribbean recovery likely, says IMF

The International Monetary Fund says Latin America and the Caribbean will recover more quickly from the global crisis than advanced economies.

It said this was partly because the region was less exposed to systematic banking problems.

It expects growth in the Caribbean as a whole to rebound by 1.5 percent in 2010.

It forecast that output in the Caribbean region will decline by 0.2 percent this year from an estimated 3 percent growth in 2008.

The steepest falls this year will be in the Bahamas and Barbados with Suriname and Guyana projected to show the strongest expansion.

Source: BBC Caribbean