Amid worsening global conditions Monetary union continues on road to economic recovery | SMN NEWS

Willemstad/Philipsburg:---  The Centrale Bank van Curaçao en Sint Maarten (CBCS) has released its Economic Bulletin of 2022 that includes a preliminary growth estimate for Curaçao and Sint Maarten for 2022 and the outlook for 2023. “Despite a worsened external environment on the back of, among other things, persistently high inflation, tighter financial conditions, and spill-over effects of the war in Ukraine, the monetary union’s recovery from the COVID-19 pandemic continued in 2022. Growth was sustained in both Curaçao and Sint Maarten by a surge in stay-over tourism. Hence, Curaçao recorded a real GDP expansion of 5.9% while the Sint ...


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