Although its momentum has eased
Economic recovery on track across the monetary union
WILLEMSTAD/PHILIPSBURG – “The economies of Curaçao and Sint Maarten continued to recover from the pandemic at the beginning of 2023,” stated president of the Centrale Bank van Curaçao en Sint Maarten (CBCS), Richard Doornbosch, in the CBCS’s September 2023 Economic Bulletin. “The actual figures of the first quarter show that real GDP growth in both countries was driven primarily by increased stay-over and cruise tourism activities. The pace of growth was, however, less pronounced than in the first quarter of 2022,” he explained. “Consistent with the developments in the January – March period, the pace of economic expansion is set to moderate across the monetary union in 2023 and 2024”.