The Economic Survey of Latin America and the Caribbean, published today (21st July) by the United Nations Economic Commission for Latin America and the Caribbean, shows a dire situation and prospects for Caribbean countries. The cost of the global financial and economic crisis to the subregion is estimated at a huge 10% of GDP in 2009. 10 of 14 Caribbean countries experienced negative growth in that year, the worst performers being the eight countries of the Eastern Caribbean Currency Union (ECCU), which contracted by 7.3% on average…

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