
Belmopan, Belize 6 December 2008 (BelizeBlog.com) – The recently released October 2008 Country Report on Belize published by the Economist Intelligence Unit (EIU), based in London, UK, confirms that the Belizean economy will continue to face serious challenges, but it brought welcome news that there should be no recession in Belize, at least for the foreseeable future, even though it was clear on the point that cost of living pressures, crime, a growing import bill – which has grown by 26% to US$1 billion, and declining revenues from oil, all make for a not-so-pretty economic landscape here at home.