State of the Economy

By Derren Joseph
July 20, 2010

Financial ComplexGenerally speaking, I often raise an eye brow when commentators use broad brush strokes to describe the somewhat intricate picture that is our economy. A picture made all the more interesting by the challenges facing the global economy in general. For my part, I try hard to appreciate the views of both sides of the fence—those who speak positively of the economy and those who do not. On one hand, it is hard to dispute that compared to many so called developed nations, and many of our neighbours in the region, we are doing relatively well. Looking at the charts available online, our public debt as a percentage of GDP is less than our Caribbean neighbours, our friends in North America (US and Canada) and even much of Western Europe. Our import cover is about 12 months when the international benchmark is 3 months.
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