Macro - Country Economic Forecasts - Guadeloupe

Macro - Country Economic Forecasts - Guadeloupe

After a year defined by successive Covid waves and lockdowns, Guadeloupe's economy is expected to grow 3.4% in 2022 following a modest 0.7% advance in 2021. While the Omicron surge and higher inflation have reduced our 2022 growth forecast sharply from 6.3% previously, a much-improved health backdrop will underpin the economy's strongest expansion since 2017, as tourism volumes accelerate heading into summer. However, downside risks remain as weakening global growth could curb discretionary spending and travel outlays, especially if inflation abroad persists throughout the peak travel months and weighs on tourism demand.