"...the Caribbean is gradually recovering from a deep recession caused by the global economic crisis, which originated in the United States some five years ago and has since spread to the Euro zone. Given the Caribbean’s close trading and investment ties to North America and Europe, the region experienced sharp contractions in key sectors such as tourism, energy and alumina, a virtual sudden stop of foreign direct investment, and weaker flow of remittances" - Jwala Rambarran, Governor of the Central Bank of Trinidad and Tobago, at the Annual Meeting of the Caribbean Association of Banks (CAB), Montego Bay, Jamaica,
15 November 2012. http://www.bis.org/review/r121204e.pdf
