BELIZE CREDITORS JUMP THE GUN ON SUPERBOND GDP RATE.

7.4% GDP growth for first six months of 2012 really got the SUPERBOND CREDITORS HOPPING !

  It will be interesting to see what the calendar year GDP number is for 2012?  Most government revenues are earned in the first six months.  Tourism is dead in the last half of the year.  Sugar does not start until the last month of the year, and tourism does not start until last two weeks of the year.  The first half figure of 7.4% Gdp is interesting, but unlikely to be high at the end of 2012 for the 12 months of 2012.
  Guess estimates run between 2.0 % and 3.5 % Gdp growth for 2012 overall. The IMF is guessing for Belize in 2012 a gdp rate of 3.5%  It takes a growth rate of 3.5% to breakeven with the growth of population.  With an annual growth rate of 3.5% GDP you could say the economy is stagnant.  Neither losing or gaining ground. Below 3.5% Gdp and Belize would be losing ground economically speaking.  Over that magic number, you could say our economy is growing.