The World Bank is forecasting St Vincent and the Grenadines economy will see a growth rate of 0.2 per cent this year and 5.0 per cent growth in 2022.

The projection is contained in Renewing with Growth, a World Bank report on Latin America and the Caribbean.

According to the World Bank SVG will also achieve a growth rate of 3.2 percent in 2022.

The Bank said that the GDP contracted by 4.2 percent in 2020, following pandemic-induced shocks and the sudden stop in tourism.

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