Caribbean Broadcasting Corporation

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Limited impact expected

March 26, 2023

There is optimism that the tourism sector will continue to perform, despite the hike in interest rates in the United Kingdom and the United States to help battle inflation.

It is coming from economist Dr. Justin Ram, who notes the rise in inflation in those two major tourist markets, should not impact too harshly on those looking to have vacations in the Caribbean.

The economist also wants to see a shrinkage in imports but believes this can only happen if incentives are given to manufacturers.

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