Visual Summary - 2023 Annual Economic Survey

Global economic growth is anticipated to remain steady in 2024. Several forces shaping the outlook include: subdued activity in a number of advanced economies, mounting geopolitical conflicts, and tight Financial conditions.

2023 Annual Economic Survey

Global economic growth remained resilient during 2023 amid geopolitical conflicts, monetary policy tightening and elevated inflation rates. However, economic outcomes diverged across countries, with the Euro area and the United Kingdom (UK) losing momentum while growth proved more resilient than anticipated in the United States (US).

Governor Hilaire discusses challenges arising from extensive commercial bank financing of governments

On June 18, 2024 at a Panel Discussion at a meeting of the Regional Consultative Group for the Americas hosted by the British Virgin Islands Financial Services Commission, Dr. Hilaire discussed the challenges that regulators face in managing the ‘sovereign-bank nexus’ (the financial relationship between banks and governments).