Economic and Financial Review December – 2020
The report indicates that the global economy in 2020 contracted by 3.5 percent instead of the 4.4
percent previously forecasted in October 2020.
The report indicates that the global economy in 2020 contracted by 3.5 percent instead of the 4.4
percent previously forecasted in October 2020.
The end of 2018 marked the third consecutive year of positive global economic growth. The challenge for both developing and emerging market economies was to be able to channel this growth spell into tangible economic and social change within their own borders.
The Nevis Island Administration (NIA) continues to advance the agenda of sustainable economic growth and social development for the Island of Nevis
This report provides an update on the fiscal performance of the NIA and the economic performance of the major sectors in Nevis for the period January to December 2015. The year has proven to be an exceptional one, with an overall improvement in the performances of the various sectors. Similarly, the fiscal performance of the government was one with increased revenue collection and a slight reduction in the expenditure outlay.
The Nevis Island Administration has embraced the overarching objective of facilitating economic expansion and job creation by undertaking policies to improve the government’s financial position and providing the impetus for business creation and growth.