(source RFO) New chapter on the economic difficulties of the overseas territories. According to the INSEE, which recently revealed that 20% of the population lives below the Martinique poverty IEDOM returned to the charge by announcing the slowing of the economy of Martinique in 2008.
One sign of ill-being: consumption Martinique crumbling. Even if the import of consumer goods increased by 2.1%, this is not enough to offset the 2.8% inflation. From these figures "we can deduce that the volume of imported goods is diminishing," said Arnaud Bellamy-Brown, director of the IEDOM Martinique.
Another fact is indicative of this slowdown: the 5% drop in imports of capital goods, the simultaneous decline of 2.5% of investments. A real coup brake "For Mr. Bellamy-Brown expresses, moreover," uncertainties about the provisions of Lodeom and the financial crisis. "
What prospects for 2009? The
observers to carry out the necessary forecasts on the situation in Martinique believe that 2009 will be even more terrible. "It is difficult to forecast but all the indicators we have for the first few months are red" observes Mr. Bellamy-Brown. Among these indicators "the precipitous drop in the number of registrations of commercial vehicles (-27%), indicating that companies are not investing. "Like all
Islands Overseas, Martinique is hit by a recessive economic cycle. For the first time in its history it expects a decline of 0.3% of its Gross Domestic Product this year. A slowdown, however, still lower down that might save the GDP of France in 2009, estimated at 3% by the Prime Minister.
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