A stronger relationship with the European Union may improve Curacao’s social and economic performance only if the current economic weaknesses are addressed accordingly. | SMN NEWS

WILLEMSTAD/PHILIPSBURG:--- Over the past two decades, the economic performance of Curaçao has been poor characterized by an average real GDP contraction of 1.1% per year between 2001 and 2019 and a high unemployment rate of 19.1% in 2019. Oftentimes, it is suggested that a stronger relationship with the European Union (EU) may improve Curaçao’s economic performance and social conditions. “An analysis of the economic performance of a selection of European overseas territories, including Curaçao, suggests that stronger ties with the EU do not guarantee a better economic performance if economic weaknesses are not addressed accordingly”, as highlighted by ...

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