Overall real growth is projected at 4.6% in 2019. The following graph presents the percentage of contribution to GDP at 2006 prices by various sectors:
Source: Estimates of the Public Sector
The primary industry groups are addressed separately below. Construction is projected to record growth of 10.5% compared to 12.0% growth estimated in 2018. Transportation and Storage sector is projected to record growth of 3.5% in 2019.
Monetary Policy & Inflation
The rate of inflation (Urban Consumer Price Index – Georgetown) for 2019 is projected at 2.5% compared to the projected rate for 2018 of 2.0%. See Ram & McRae’s comment 10 below…..