Forbes Magazine are you saying the a the IMF is wrong ? After reading this article forbes/sites/kenrapoza/2014/06/02/these-middle-income-countries-are-poised-to-become-rich/ I came to the realisation that Antigua Barbudas name was just tossed into the mix of the names. It is apparent that no real research has been done and the disclaimer clearly states that Forbes Contributors are opinions are that of their own. Digging deeper into the article I found no other mention of Antigua .. even in the list on the 4th paragraph Antigua didnt even make the list of NO CHANCE although not mentioned in the first paragraph places like St.Martin and the US Virgin Islands were mentioned. Its very suspicious how this article is published on the 6/2/2014 but was never made public until 5 days before elections. The IMF report below was published in May and paints a realistic picture of the economic state of Antigua Barbuda . I will take my chances with the IMF report versus a Expert Contributor and below is an excerpt of the IMF report for those who dont want to read the entire report. Antigua and Barbuda’s economy is facing headwinds. In 2013, economic growth was somewhat lower than projected at the time of the SBA review and the fiscal deficit widened substantially. This year, the economy is expected to grow by 1.6 percent, up from 0.5 percent in 2013; and inflation is expected to remain subdued at around 1 percent. However, risks to this outlook are high, stemming in particular from the country’s unsustainable fiscal situation, and the large share of nonperforming loans in the banking system .
Posted on: Sun, 08 Jun 2014 12:23:20 +0000
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