Foreword
The latest estimates of the CBCS indicate that economic growth was uneven in the monetary union during 2019. While real GDP contracted by 1.9% in Curaçao, Sint Maarten recorded an
expansion of 5.5%. The development of inflation also diverged between the two countries. In
Curaçao, inflation rose from 2.6% in 2018 to 2.8% in 2019. Meanwhile, in Sint Maarten, inflation eased to 1.8% in 2019 after peaking at 2.7% in 2018.
Both domestic and net foreign demand caused the real GDP contraction in Curaçao in 2019. All components of domestic demand fell, but the decline was most pronounced in private
consumption on the
To read more: http://www.smn-news.com/st-maarten-st-martin-news/33613-economic-developments-in-2019-and-outlook-for-2020.html
