Natural disasters combined with St Lucia's lax fiscal policies led to persistent fiscal deficits

Earlier this month a document authored by Lea Gimenez, Edwin St Catherine, Jonathan Karver and Rei Odawara on The “Aftermath of the 2008 Global Financial Crisis in the Eastern Caribbean; Impact on the St Lucia Labor Market,” asserted that “The recent financial crisis had significant and long-lasting microeconomic impacts on St Lucia.”