The Word Bank on Tuesday suggested that there would be a degree of recovery in CARICOM countries this year despite the effects of the COVID-19 pandemic, but warned that it would not be enough to make up for the downturn in 2020.
World Bank President David Malpass said while he would not want to agree with the 3.8 per cent figure projected by the Caribbean Development Bank (CDB), the Washington-based financial institution would shortly be releasing its own figures.
Mr. Malpass was speaking to the Caribbean Media Corporation during a round table discussion with journalists from Latin America and the Caribbean.
Last month, the CDB said the average gross domestic product for the Caribbean this year will be 3.8 per cent, but warned also that the projection is clouded by the ongoing uncertainty, caused by the global COVID-19 pandemic.
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