Macro - Country Economic Forecasts - St. Kitts and Nevis

Macro - Country Economic Forecasts - St. Kitts and Nevis

We've cut our 2023 GDP growth forecast for St. Kitts and Nevis to 6.4% y/y from 10.5% previously in response to recent data and global headwinds. Global risks are skewed to the downside as we forecast a US recession in Q3 2023 and think global credit conditions will likely continue to deteriorate. Next year, we anticipate robust economic growth of 4.7% y/y due to higher investment, a rebound in tourism, and inflation returning to target.