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The Caribbean Economic Council (CEC) is pessimistic above the economic performance of the region, given the recent spikes in inflation and the negative impact that
The Caribbean Economic Council (CEC) is pessimistic above the economic performance of the region, given the recent spikes in inflation and the negative impact that the Russia- Ukraine conflict has been having on global trade. Using GDP as a measurement for economic performance, the following OLS model is estimated from a sample of 130 countries: GDP, = 1.32 + 3.61stock, - 2 log(m) + 1.01xm; - 3.8FXvol; (1.970) (2.352) (1.900) (1.887) (0.362) n = 120 R2 = 0.40 Where: GDP = GDP Growth STOCK = Stock market performance IT = Annual inflation rate xm = Net Export
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