#Toronto, ON – April 13, 2019 – Canada – IGlobal growth is slowing as the economy works through a soft patch. Early signs suggest the worst of the slowdown might be behind us. The expansion is in a delicate situation. Investors are nervous and maintaining confidence is key to a continued expansion. The global economy is particularly vulnerable to policy missteps, notably President Trump’s continued threats to disrupt US trade flows.
“While we continue to think the soft patch we are going through will be temporary, the global economy remains in a delicate position,” said Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank. “At this point in the cycle, confidence is key to sustaining the expansion, and Trump’s misguided efforts to make America great risk achieving the opposite.”
Highlights of Scotiabank’s Global Outlook include:
· Canada: Above-potential growth to resume in Q2 as the factors contributing to the soft patch in Q4 2018 and Q1 2019 are reversing.Growth is expected to slow modestly to 1.6% during 2019 before rising to 2.1% in 2020.
· United States: A gradual US GDP growth slowdown (2.9%/2.4%/1.9% in 2018/19/20) is expected on the back of the waning boost from fiscal stimulus.
· United Kingdom: While we expect that the UK and the EU will avoid a hard Brexit, we forecast that economic growth in Britain will remain sluggish in the near-term amid lingering geopolitical uncertainty and as the economy adjusts to a post-Brexit world.
· Eurozone: Real GDP growth will slow in 2019 owing to global trade and geopolitical uncertainty as well as certain transitory factors impacting the European industrial sector. Domestic demand in the euro bloc should, however, remain resilient despite external headwinds.
· Mexico: heightened uncertainty is leading to slower growth, with GDP expected to rise by 1.4% in 2019.
· China: A gradual deceleration is underway, but recent policy measures to raise demand are starting to bear fruit.
· Commodities: Healthy global economic growth provides a solid demand backdrop for commodities through 2020, allowing fundamentals to reassert commodity-specific price paths over the coming years
Read Scotiabank’s Global Outlook online here.
Scotiabank provides clients with in-depth research into the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary, fiscal and public policy issues. Follow this research on Twitter at @ScotiaEconomics.
Press Release: Scotiabank
FLOW CUSTOMERS BENEFIT FROM INCREASED SPEEDS
New upload speeds to improve online gaming, video conferencing & Online Voice Calls
PROVIDENCIALES, TURKS AND CAICOS, JUNE 24, 2022 – Flow TCI wishes to remind customers of a broadband speed increase to our existing broadband plans, which took effect on April 25th, 2022. An incremental rate increase for the new higher speed plans has taken effect.
The rates were increased by US$4 for the following plans and the download and upload speeds will increase by the following allotments:
All customers will be migrated from all previous fixed broadband plans to the new broadband Fibre to the Home plans. The new speeds will improve the overall broadband experience for all customers for online gaming, voice over IP calling, video conferencing, and social media usage.
For more information on our new Fibre to the Home plans, visit https://discoverflow.co/turks-and-caicos/broadband-overview for more details.
2022 Hurricane Preparedness Exposition
“Mission Ready – Pledge to Prepare; Be Smart Take Part”
#TurksandCaicos, June 23, 2022 – The Department of Disaster Management and Emergencies (DDME) will be hosting its 3rd Hurricane Preparedness Exposition on 1st July 2022 from 10:00 am at the Town Centre Mall, Parking Lot, Downtown, Providenciales.
The Hurricane Preparedness Expo will feature booths from over twenty-five different agencies, partners and public safety officials this year. The event provides critical stakeholders with roles in disaster management an opportunity to interact with the public, demonstrate their services, and guide individuals and businesses on how they can prepare for this hurricane season.
The goal is to ensure residents are ready should a hurricane impact our region by offering a one-stop shop for the general public to gather helpful information and ask their hurricane and storm-related questions.
We ask all residents to come out and participate in this preparedness event. The event is free, fun and educational with tons of giveaways, including the chance to win a Graceway Smart Supermarket Hurricane Supplies Shopping Spree on 1st July 2022.
This venture also encompasses the principles of Public-Private Partnership, as it demonstrates the Disaster Risk Reduction commitment of the private sector in the Turks and Caicos Islands. It also highlight’s the Public Sector Department’s determination to ensure all major entities are involved in its goal of building a resilient country.
The Hurricane Preparedness Expo will be on Friday, 1st July 2022, at the Town Centre Mall, Parking Lot, Downtown, Providenciales, from 10:00 am until 4:00 pm. We look forward to your participation.
Worst time to be a Woman; a Haitian crises
By Deandrea Hamilton
#TurksandCaicos, June 24, 2022 – I know many of us are frustrated by the reports of illegal vessels breaching our waters, landing on our shores, costing us in repatriation expenses and overwhelming our small states and we’re not wrong to be bent out of shape by it. However there are many facets to this maddening issue to sound alarms and from what I’m told and because of what I have noticed, the number of women increasingly taking the risk to runaway confirms the heartbreaking truth that abuses of this vulnerable group are escalating in frequency and violence.
Turks and Caicos Police ‘stop & search’ operations are capturing many women; women who are trying to get to a job site in the many illegal jitneys moving around the town.
Sure it is all illegal, however it remains gut wrenching that these skittish ladies would have started the day on the hustle for a little cash only to be caught, with no document affirming legal status breaking the law. They will be deported and life will change, likely for the worse.
Haiti’s instability is driving the exodus of Haitian people. The plummeting quality of life is pushing the “irregular migrants” as they are labelled to board boats, take to the ocean in pitch black conditions, driven by a desperate home.
Some make it, some do not.
The only death recorded or reported at the TCI detention center in years was this month; it was a Haitian woman. We don’t know what went wrong. But a journey toward a better life ended with the loss of hers.
I come from a set of nations – The Bahamas and the Turks and Caicos Islands – which have ensured I have a place. Whether that’s school or college or a job or as an entrepreneur, room was made for me and laws are in place to enable and empower me. Not only do I have bread to eat, but I get to choose the type of bread I want to eat and can share it.
I am blessed. Truly.
But for my Haitian sisters, when you see their faces and the sadness in their eyes. When the human spirit is so shattered that it creeps into the dankest of places which is utter hopelessness, we should sit up and stand up. This should capture our attentions.
In fact we should know, that for the hundreds we do encounter, there are countless more out there, unseen and trying to survive without being fortified by a force field of love, rule of law and simple decency. There are too many more relentlessly buffeted by exploitation and circumstances outside of their control.
Whether it is the recent memorial held to remember 11 Haitian women who perished at sea in early May trying to get in, undetected to Puerto Rico or a new and emerging report on describing the sexual abuse of Haitian women working at a factory; given sickening ultimatums: Sex for their salary; an exploitation which usually draws throngs of people to vociferous protests in more developed countries; to this news however, there is silence and little reaction that we can see.
I declare that these women are significant. They are valued despite the trials and tribulations of their homeland. Within this dispensation, a post Black Lives Matter world, the darker complexion of many of their skins no longer means they are disposable.
And united, it means, women wherever we are can link hearts and hands to partake in and contribute to a shared stance of solidarity. We can do it for the voiceless anywhere we want, we are women and though muted by the many dramas and truamas unfolding in our own lives, communities and countries, we still hear these voices crying and screaming out and we will help.
Just watch and see. Women of Haiti, help is on the way.
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