The Impact of the COVID-19 Pandemic Presents major challenges to Curaçao and Sint Maarten. | SMN News

WILLEMSTAD/PHILIPSBURG:— The Centrale Bank van Curaçao en Sint Maarten (CBCS) is preparing an economic and financial impact analysis on the COVID -19 pandemic, partly at the request of the governments of Curaçao and Sint Maarten. The analysis involved is highly complex and any comments on its results can only be presented in quite general terms at this stage. That explains why the economic forecasts of larger and more prominent international institutions are also still pending publication.

 The monetary union’s economic outlook was bleak even before the start of this pandemic, showing a further contraction of Curaçao’s economy (by approximately -2.5%) due

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