Rebounding Tourism In The Quarters Ahead Points To Strong Recovery In Saint Kitts And Nevis In 2022

• Fitch Solutions has revised down its 2021 growth forecast for Saint Kitts and Nevis (SKN) to 0.5%, from 2.7% previously, as a recent uptick in COVID-19 cases will limit near-term economic activity.
• However, increased vaccination rates in developed markets will help drive inbound tourism to SKN in the quarters ahead, and as a result the agency has revised up its 2022 forecast to 6.0%, from 0.6% previously.
• The continued global spread of COVID-19 poses downside risks to SKN’s recovery as a resurgence of cases would likely slow tourism demand.

(Source: Fitch Solutions)