By Derren Joseph
June 01, 2011

Regional tourism-dependent economies continue to feel the stress of the global economic slowdown. It is a slowdown that is severely impacting our neighbours in a way that we in Trinidad may find it hard to imagine. Last October, an IMF report reminded us that Caribbean countries are among the most highly indebted countries in the world with five of the 13 Caribbean countries having public debt-to-GDP ratios of more than 100 per cent with an additional four having debt levels above 70 per cent.
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