The Nassau Guardian Online Guide -
[Cached Version]
Published on: 5/13/2004
Last Visited: 5/13/2004
The island is forecast to have economic growth of about 1 per cent this year, the government said in a statement, citing an estimate from Alejandro Santos, mission chief of the International Monetary Fund in the Caribbean country.
"Dominica is coming out of the deep recession of the last few years."Santos was quoted as saying in the statement."The economy has bottomed out and the recovery is underway."
The improved economic outlook stems from increased tourism - with nearly twice as many cruise ship passengers visits in the first quarter of 2004 than in the same period last year - and increased manufacturing and banana production, Santos said.