CBCS interim president Jose Jardim during the virtual presentation of CBCS’ 2019 annual report.
St. Maarten’s economy will decline by 24.5 per cent this year, said Jardim (right). In 2021 a rebound of 10.3 per cent growth is expected. For monetary union partner Curaçao, these prognoses are respectively minus 20.4 per cent and plus 6.6 per cent. To illustrate the growing dependence on their hospitality industry in both Dutch Caribbean countries, he explained that 41 per cent of foreign exchange earnings came from tourism in 2019, compared to just 14 per cent two decades ago.
‘Kingdom countries should work closely together’
https://www.thedailyherald.sx/islands/central-bank-calling-for-integrated-approach-to-economic-recovery
