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ECCU economies remain resilient following the passage of Hurricanes Irma and Maria in 2017

Economic growth within the Eastern Caribbean Currency Union (ECCU) is projected to grow at a modest 2.2 percent in 2018, as countries continue their recovery efforts from the devastating effects associated with the passing of Hurricanes Irma and Maria in September of 2017. The Monetary Council of the Eastern Caribbean Central Bank (ECCB) reported after its 90th meeting held at the ECCB Headquarters in St. Kitts on Friday, February 16.

 Speaking at a press conference following the Monetary Council meeting, ECCB Governor, Mr. Timothy Antoine said the Monetary Council is optimistic that growth would exceed the 2.2 projection. “We actually hope that we would do better than 2.2; some of our countries will in fact,” Governor Antoine said. “A big part has to do with the implementation of some of the capital projects that are planned in those budgets and when they actually get implemented.

 

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