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Good news for Belize on the economic front: economic activity, real GDP growth, is forecasted to expand by 2.7% in 2013. Overnight tourism numbers are expected to go up also, and Cayo will surely benefit immensely from that.
"Economic activity is forecasted to expand by 2.7% in 2013, as the underlying factors that boosted activity in 2012 are expected to moderate. The projection, which is subject to sizeable downside risks such as commodity price shocks and weather-related setbacks, assumes that the gradual upturn in global growth to 3.5% (Source: IMF World Economic Outlook) continues to support the tertiary sector through the tourism channel. The primary sector is expected to return to low single digit growth owing largely to a return to normal crop cycles and a forecasted downturn in citrus output. The secondary sector is expected to eke out a small increase despite headwinds facing the petroleum and domestic electricity generation sub-sectors."
