The East<br />Caribbean<br />dollar is the<br />currency for<br />eight of nine<br />countries and<br />territories in the<br />Organisation of<br />Eastern<br />Caribbean<br />States.
July 23, 2015
OECS economies show signs of recovery
WASHINGTON, United States (CANA) — The International Monetary Fund (IMF) says the economies of the Eastern Caribbean Currency Union (ECCU) are recovering slowly with an average real gross domestic product of two per cent.
The IMF, which has just completed discussions on the common policies of the ECCU, said the economies will grow above the estimated 1.7 per cent for 2014.
The Washington-based financial institution said that inflation is projected to remain subdued in 2015 on the back of moderating oil and food prices.
