Jamaica, DR most vulnerable to US fiscal cliffÂ
FITCH Ratings expects the US will avoid a fiscal cliff that would see some US$600 million of tax increases and spending cuts materialise.
Category: Top stories: Global
The Fiscal Cliff Explained
NYTimes – The term refers to more than $500 billion in tax increases and across-the-board spending cuts scheduled to take effect after Jan. 1 — for fiscal year 2013 alone — unless Mr. Obama and Republicans reach an alternative deficit-reduction deal.
On your marks, get set…oh
THE world is used to trailing behind Jamaican sprinters. The small island has won a string of world records, and may claim more at the 2012 Olympics. Its economy, however, is not so speedy: on current forecasts it will finish the year with the slowest average growth rate since 2000 in the Americas—behind even earthquake-stricken Haiti.
Investment in the Caribbean and Latin America on the decline
Investment in the Caribbean and Latin America on the decline
LOW levels of current investment by the private and public sectors across Latin America and the Caribbean will prohibit growth when the recession ends.