Construction fuelling Grenada’s economic growth – IMF
Grenada’s economy is showing resilience post-Hurricane Beryl, with construction driving growth amid slowing tourism. The IMF projects GDP to rise 4.4% in 2025, up from 3.3% in 2024, supported by major investments like the new teaching hospital under Project Polaris. Though public investment will lead to a temporary primary deficit, fiscal health remains stable due to strong savings and disaster resilience mechanisms.
Inflation and debt levels are expected to moderate. The IMF urges careful management of large projects, strengthened oversight of non-bank institutions, and investment in skills, infrastructure, and data systems to ensure long-term growth and economic resilience.
Image Reference: https://projectpolaris.gd
Source: Caribbean Insight