April 30, 2025 According to the advance estimate released by the U.S. Bureau of Economic Analysis, the U.S. economy experienced a slight contraction, with real GDP decreasing at an annual rate of 0.3% in the first quarter of 2025. This decline followed a 2.4% increase in the fourth quarter of 2024. Key factors contributing to the
April 29, 2025 The World Bank’s board of executive directors has approved a $24 million Development Policy Credit to support the Commonwealth of Dominica. This funding aims to strengthen domestic revenue mobilization, enhance financial sector resilience, and promote biodiversity conservation and disaster preparedness, ultimately providing better opportunities for Dominica's people. Dominica, often referred to as
April 28, 2025 Mexico's economy is expected to see minimal growth this year due to the impact of U.S. tariffs, following a near technical recession last quarter, according to a Reuters poll. Analysts highlight that uncertainty over U.S. President Donald Trump's trade policies continues to hurt private spending and investment in Mexico. Concerns are focused
April 28, 2025 Amid growing global economic volatility, countries in Latin America and the Caribbean must adapt their economic strategies to navigate increasing uncertainties, according to the advance chapter of the World Bank’s Latin America and the Caribbean Economic Review (LACER). The report forecasts growth of 2.1 percent in 2025 and 2.4 percent in 2026,
April 22, 2025 A forecasted contraction in Mexico's 2025 economic output is the primary driver behind the IMF's revised estimate for a slowdown in GDP growth for Latin America and the Caribbean this year, according to the fund's updated World Economic Outlook released on Tuesday. The International Monetary Fund now projects economic output growth in
April 17, 2025 The euro area’s annual inflation rate was 2.2% in March 2025, down from 2.3% in February. A year ago, the rate was 2.4%. Annual inflation in the European Union fell to 2.5% in March 2025, from 2.7% in February. A year earlier, the rate was 2.6%. France had the lowest yearly rate (0.9%), followed by Denmark (1.4%) and Luxembourg (
April 16, 2025 The Statistical Institute of Jamaica (STATIN) reported that as at March 2025, the point-to-point inflation rate was +5.0%; 0.6 percentage points higher than the 4.4% recorded between February 2024 and February 2025. Compared to February 2025, The All-Jamaica Consumer Price Index (CPI) remained unchanged for March 2025. The main driver of the
April 08, 2025 Mexican President Claudia Sheinbaum stated on Monday that her government aims to avoid imposing tariffs on the United States in response to President Donald Trump's extensive tariff plans, although she acknowledged that such measures could not be entirely ruled out. Mexico, which sends nearly 80% of its exports to the United States,
April 8, 2025 Net International Reserves – March 2025 BOJ has reported that Jamaica's Net International Reserves as at March 31, 2025 stood at US$5,785.44 million, reflecting an increase of US$312.40 million when compared to the US$5,473.05 million reported at the end of February 2025. Foreign Assets totalled US$5,826.21 million, US$303.73 million more than the
April 4, 2025 Caribbean countries are assessing the impact of sweeping tariffs announced by US President Donald Trump, with some planning to hold talks with Washington to mitigate the effects. On Wednesday, Trump introduced new tariffs on nearly all US trading partners, including a 10 percent tariff on most Caribbean nations and a 38 percent
