Economic growth in Saint Vincent and the Grenadines acknowledged

Kingstown, May 7 (Prensa Latina) The Minister of Finance of St. Vincent and the Grenadines, Camilo Gonsalves, today highlighted the rapid growth of the economy despite the challenges arising from volcanic eruptions, the Covid19 pandemic and the passing of Hurricane Beryl.

May 7, 2025
14:44

Gonsalves made the comment following confirmation by the World Bank (WB) that St. Vincent and the Grenadines is the second fastest growing economy in the region particularly over the past three years.

The minister ratified that forecasts for 2025 anticipate a 4.9 percent increase in Gross Domestic Product (GDP), second only to Guyana, according to WB data.

“Our economy has shown remarkable resilience, thanks to prudent fiscal policies and the dynamism of key sectors,” said the minister.

He also stressed that sound economic planning and the determination of the government and the people are key to achieving this performance.

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