Tourism And Increasing Government Spending Will Support St. Vincentian Growth

  • Saint Vincent and the Grenadines (St. Vincent) will see moderate real GDP growth in the coming quarters as tourism arrivals increase and the government boosts current and capital spending.
  • However, the economy will remain vulnerable to Atlantic hurricanes and a growth slowdown in developed markets, which would likely undermine tourism activity.
  • Fitch maintains its real GDP growth forecasts of 2.3% y-o-y for 2019 and 2.4% in 2020, an uptick from 2018's estimated 2.1% expansion. 

(Source: Fitch)