2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

SAINT VINCENT AND THE GRENADINES

Consequently, risks are firmly tilted to the downside and include:  The pervasive negative impacts of the volcanic eruption on the real sector.  Lower revenue collections consistent with an economy struggling to recover.  Increased government expenditure related to health and disaster management on three fronts: the eruption of the La Soufriere Volcano, the COVID-19 pandemic and a persistent Dengue Fever outbreak.  Expenditure pressures will be further compounded by rehabilitation and

reconstruction damaged infrastructure, government initiated hotel construction, port development and road works.  The perennial threat of damage from an active hurricane season.  On the upside, due to the present structure of the economy, Saint Vincent and the Grenadines weathered the pandemic infused global economic downturn better than its more tourism-dependent regional counterparts.  Any inflows of grants /aid are likely to expedite the recovery process. of

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