{"id":2183,"date":"2018-10-26T09:08:14","date_gmt":"2018-10-26T13:08:14","guid":{"rendered":"http:\/\/drealfmgrenada.com\/?p=2183"},"modified":"2018-10-26T09:08:14","modified_gmt":"2018-10-26T13:08:14","slug":"grenada-to-maintain-strong-economic-growth-for-sixth-consecutive-year","status":"publish","type":"post","link":"https:\/\/drealfmgrenada.com\/index.php\/2018\/10\/26\/grenada-to-maintain-strong-economic-growth-for-sixth-consecutive-year\/","title":{"rendered":"Grenada To Maintain Strong Economic Growth For Sixth-Consecutive Year"},"content":{"rendered":"

ST GEORGE’S, Grenada (CMC) \u2014 <\/strong>Grenada is expected to maintain economic growth for the sixth-consecutive year, based on prelimiary data for the first half of this year.<\/p>\n

Describing this as a remarkable achievement, Prime Minister Dr Keith Mitchell says the sectors contributing to the increasing economic activities since his New National Party (NNP) returned to office in 2013 are the construction, tourism, transport and retail trade sectors, in addition to the expansion of the private sector.<\/p>\n

\u201cIn general, whether it is in education services or other services, we are seeing tremendous increases in the service areas,\u201d he said while addressing the media as the guest of the weekly post-Cabinet briefing on Wednesday.<\/p>\n

Speaking about the impact of investment in the education sector, he referred to St George’s University, explaining that the American-owned offshore education institution that provides university education contributes no less than 22 per cent of gross domestic product (GDP).<\/p>\n

\u201cWhen all the numbers have been tabulated and analysed, it is expected that the growth of the economy will be about 5.2 per cent in 2018, and that in effect is a clear example of what is taking place in the country, given that we are just coming out of a structural adjustment programme where we were limited in what we can do,\u201d he said.<\/p>\n

\u201cGrenada remains, therefore, the fastest-growing economy in the region, averaging an average growth rate of five per cent since 2013,\u201d he said, while reminding reporters that the economy grew by 5.1 per cent in 2017.<\/p>\n

\u201cThe growth process for Grenada is very positive barring any unexcepted shocks such as hurricanes and other natural disasters, but we expect growth to be very positive and robust, in the coming year and beyond,\u201d he added.<\/p>\n

Concerning the country’s image, Mitchell who is also the finance minister, said that Grenada’s image is presently in a better position when compared to the period before the NNP returned to office.<\/p>\n

He explained that because the Administration of the National Democratic Congress (NDC) reneged on some of the island’s commitment to institutions such as Caribbean Development Bank (CDB), The University of the West Indies, the World Bank, and the International Monetary Fund, the country had developed a negative image regionally and internationally.<\/p>\n

\u201cOn the international stage today, Grenada is being looked upon in a very positive sense; in other words, we are also been seen as the poster boy. We are used by the IMF and others in the international community and the regional institutions as a success story in many respects,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

ST GEORGE’S, Grenada (CMC) \u2014 Grenada is expected to maintain economic growth for the sixth-consecutive year, based on prelimiary data for the first half of this year. Describing this as a remarkable achievement, Prime Minister […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":{"0":"post-2183","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-government-news"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"adminrfm","author_link":"https:\/\/drealfmgrenada.com\/index.php\/author\/adminrfm\/"},"rttpg_comment":0,"rttpg_category":"Government News<\/a>","rttpg_excerpt":"ST GEORGE’S, Grenada (CMC) \u2014 Grenada is expected to maintain economic growth for the sixth-consecutive year, based on prelimiary data for the first half of this year. Describing this as a remarkable achievement, Prime Minister [...]","_links":{"self":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/2183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/comments?post=2183"}],"version-history":[{"count":1,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/2183\/revisions"}],"predecessor-version":[{"id":2184,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/2183\/revisions\/2184"}],"wp:attachment":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media?parent=2183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/categories?post=2183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/tags?post=2183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}