Macro - Country Economic Forecasts - Virgin Islands (US)

Macro - Country Economic Forecasts - Virgin Islands (US)

We've downgraded our 2024 GDP growth forecast for the US Virgin Islands by 0.4ppts to 1.1% y/y. The global economy is expected to slow down, which will affect activity in the US Virgin Islands' key trading partners. Tourism is expected to break last year's record and has supported activity in 2023, but worsening global conditions and high inflation have led us to decrease our 2023 growth forecast to 1.5% y/y.

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