Macro - Country Economic Forecasts - St. Vincent and the Grenadines

Macro - Country Economic Forecasts - St. Vincent and the Grenadines

We have raised our 2023 GDP growth forecast for St Vincent and the Grenadines by 11.9ppts to 5.4% due to a strong recovery in tourism over the winter. We expect the economy to grow by 3.7% in 2024 as inflation will continue to slow and put less pressure on consumer spending. We have raised our 2023 export growth forecast to 35.4%, supported by rising tourism numbers and recently announced economic development projects that should help to propel output above its pre-pandemic level.