Basseterre, St. Kitts (CUOPM) – The St. Kitts-Nevis-Anguilla Trading and Development Company (TDC) is optimistic that the economy of the twin-island federation will continue to improve.
In its annual report for 2013, TDC is crediting the construction and tourism sectors for the improvement in the St. Kitts and Nevis economy in 2013.
“The expected improved economic outlook for the Federation, alluded to in our report last year, did come to fruition. The Eastern Caribbean Central Bank reported growth in Real GDP of 2.0 percent reversing a decline of 0.9 percent in the previous year,” TDC said in its Annual Report for 2013.
The company said that the improvement was due largely to increased activity in the construction sector, tourism and the wholesale and retail trades.
“However, the construction and related sectors continue to be very dependent on the Citizenship by Investment Programme and we remain concerned about its sustainability. We again call on the Government to aggressively pursue additional sources of direct foreign investment to ensure long term economic progress,” said the report.