ECLAC PROJECTS 9.5 PERCENT GDP GROWTH FOR SAINT LUCIA IN 2022.
In December, the Government of Saint Lucia will disburse in excess of EC $20 million in back pay owed to public servants. More than EC $2.6 million will be invested in the economic stimulus programme that will benefit all of Saint Lucia’s seventeen [17] constituencies by creating new jobs, improving access to local government services and beautifying communities.
Currently, public servants are benefiting from a 1 percent salary increase and are getting paid more than they did in 2021. NIC pensioners are receiving an additional 4.2 percent on their monthly payments, and to offset inflation duties on price-controlled goods have been suspended.
71 percent of local businesses are on track to make more money in 2022 than they did last year. Major infrastructure projects are creating jobs and private sector investors have begun expanding operations in Saint Lucia.
And despite global economic challenges, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) is projecting 9.5 percent GDP growth for Saint Lucia in 2022.