Published On: Fri, Jan 10th, 2014

Curacao and St Maarten: Reserves continue to climb

Central Bank1According to a release by the Central Bank, steeper economic contraction of 0.5% is expected in Curacao this year, versus contraction of 0.1% in 2012, and inflation is projected to drop to 1.5% in 2013 from 3.2% in 2012—all based mainly on restrictive monetary policy.

Unemployment rose to 13% in 2013, but growth is projected at 0.5% in 2014.

Growth of 1.1% in 2013 is projected for St. Maarten, down from 1.5% in 2012, and rising to 1.6% in 2014.

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