The general theme amongst lenders is, once again, one of conservatism. The consensus appears to be that the industry is in largely the same position as it was last year and that it will be at least 2-3 years before any meaningful growth in tourism returns to the Caribbean. A similar time horizon is anticipated before we can expect to see a return to strong sales of real estate, timeshare and fractional units and condominiums.
On a more optimistic note our annual Caribbean Financier Confidence Barometer, which measures the level of confidence of financiers for the next 12 months, is at its highest level since 2008, representing the 4th year in a row that confidence has grown.
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