Antigua and Barbuda is set to maintain its position as the second-fastest-growing economy in the Latin America and the Caribbean region, according to the Economic Commission of Latin America and the Caribbean (ECLAC).
Only Guyana, with its significant oil wealth, outpaces the twin-island nation.
Antigua and Barbuda is projected to achieve a robust GDP growth rate of 9.5% this year, followed by a slight dip to 8.5% in the following year.
However, ECLAC’s recent financial report highlights challenges across the region, such as declining revenues, rising public debt, labor market difficulties, and insufficient climate financing, contributing to an overall regional economic slowdown.
The report also underscores the need for sustained investment to counter climate change’s economic impacts.
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