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Happy New Year! Without a doubt we have had an interesting, if not challenging, year in 2020.
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Republic Journal
Nigel BaptisteLights Out for the ECCU Economies? (Part 3)
Over the last two weeks, we have been discussing the pandemic’s impact on the Eastern Caribbean Currency Union (ECCU) and how we might come out stronger on the other side if we were to shift our focus to growth spending as opposed to borrowing for stability.
Lights Out for the ECCU Economies? (Part 2)
Last week we talked about the economic impact that the COVID-19 pandemic has had on the economies of the Eastern Caribbean Currency Union (ECCU) including the significant decline in tourism activity, lower remittances and a rise in debt and unemployment compounded by reluctant local and foreign investors.
Lights Out for the ECCU Economies?
We’ve come to the time of the year that’s best used for looking back and moving forward. In the spirit of new beginnings, I’d like to spend the next few weeks reflecting on the many changes the economies of the Eastern Caribbean Currency Union (ECCU) have experienced over the last year and where we may go from here.
Zooming-Into Christmas
Just a few weeks ago we lit clay deyas in homes across our country in celebration of the Hindu festival of Divali, emblems of light overcoming the darkness. Now, we are beginning to see light at the end of the pandemic tunnel, almost a year after the emergence of the Coronavirus. Our spirits have been lifted with the advent of eleven COVID-19 vaccines currently in Phase 3 of clinical trials, along with no less than thirty-seven more in the early phases.
Stay Financially Stable For The Holidays
In the US, Thanksgiving has come and gone. And all over the world, including Trinidad and Tobago, Black Friday sales extend to a week or more of deals. Internationally and locally, December spending can easily double normal monthly spend. If a family of four usually spends TT$1500 at the supermarket, at Christmas time, bills of $3000 and more would not be out of place.
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