The economies of Cuba, St Kitts, and Nicaragua are picking up. An increase in job gains, incomes and consumer spending is helping St. Kitts and Nevis' economic prosperity (English). Cuba experienced a 1.1% increase of the gross domestic product in the last six months (Spanish). Nicaragua's commercial deficit was reduced by 19.6% (Spanish).

 

Moody's threatened the Bahamas with a downgrade. The international credit agency said it may drop the Bahamas' Baa3 credit rating based on the negative report produced by the Hubert Minnis administration (English). The government forecast an increase in the debt ratio in the next years and a weak fiscal position.

 

Venezuela fell into a general strike. The Venezuelan opposition called for a 24-hour strike protesting Maduro's plans for a new constituent assembly (English) (Spanish). Maduro invited the current Caribbean Community (CARICOM) chairman to determine a plan of action to resume the national dialogue (English).

 

Puerto Rico extended its financial emergency period. Puerto Rico Governor Ricardo Rosselló extended until December 31 the commonwealth's emergency period under the Financial Emergency & Fiscal Responsibility Act (English). The law allows a moratorium on its debt service obligations and aims to increase collections of the island's room occupancy tax.

 

 

 

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