24.1 C
Basseterre
Tuesday, December 1, 2020
Home News Regional News IMF: COVID-19 Hit To Caribbean Similar To ‘Cardiac Arrest’

IMF: COVID-19 Hit To Caribbean Similar To ‘Cardiac Arrest’

(Trinidad Guardian) The authors argued that since the Caribbean countries are dependent on tourism for anywhere between 20 to 90 percent of GDP and employment, they were the hardest hit.

They admitted that “COVID-19 has hit Latin America and the Caribbean harder than other parts of the world, both in human and economic terms. Pienknagura et al revealed that the relatively large human toll on the region is evident: with only 8.2 percent of the world population, the region had 28 percent of cases and 34 percent of deaths, by the end of September 2020.

The IMF projects a real GDP contraction of 8.1 percent in 2020. Unlike in previous recessions, the IMF added that employment contracted more strongly than GDP in the second quarter of 2020.

Read more

Most Popular

“Global Solidarity, Shared Responsibility” Theme Chosen For World AIDS Day 2020

By Devonne Cornelius St. Kitts and Nevis (WINN) — "Global solidarity, shared responsibility" is the theme under which World Aids Day 2020 is being celebrated....

After 4.2 Million COVID-19 Cases in November, U.S. Pins Hope on Vaccine

WASHINGTON (Reuters) - The United States entered the final month of the year with expectations that promising vaccine candidates will soon be approved to...

APNU+AFC’s David Granger Signed Wrong Date on Court Document-Elections Petitioner; Chief Justice to Decide Fate of Petitions in January

(Demerara Waves) The opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) wants the High Court to hear the two election petitions, although Mr....

Cosby’s Sex Assault Conviction Goes Before High-Level Court

PHILADELPHIA (AP) — Pennsylvania’s highest court questioned Tuesday whether Bill Cosby’s alleged history of intoxicating and sexually assaulting young women amounted to a signature...

Junior Minister of Health, Hazel Brandy Williams’ Address In Observance of World AIDS Day

NIA CHARLESTOWN NEVIS (December 01, 2020) -- The following is an address by Hon. Hazel Brandy-Williams, Junior Minister of Health in the Nevis Island...

Bridgewater and Team Re-elected

At the 2020 Annual General Assembly of the St. Kitts and Nevis Olympic Committee ( SKNOC) and Commonwealth Games Association (SKNCGA) held on Thursday...

SKNYPA Recognizes Frontline Workers at Appreciation Cocktail

Basseterre, St. Kitts (Dec. 01, 2020) — On Sunday, November 30, 2020, the St. Kitts National Youth Parliament Association (SKNYPA) showed appreciation to some...

Basseterre Fisheris Complex Re-opens For Business

Basseterre, St. Kitts (SKNIS)– The Ministry of Agriculture, Fisheries and Marine Resources closed the Basseterre Fisheries Complex (BFC) on October 30, 2020, due to...

Caribbean National Gets Top Communications Post In New US Administration

WASHINGTON, United States (CMC) — United States President-elect Joe Biden has appointed a Caribbean national to a top communications post in his incoming administration. In...

Message from Dr Rosmond Adams, Director, PANCAP on the Occasion of World AIDS Day 2020

Each year, December 1 is commemorated as World AIDS Day, an international day dedicated to raising awareness of the AIDS pandemic caused by the...

OPEN IN NEW WINDOW

Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks
Subscribe