It's All About the Economy, Stupid.
According to the statistical institute of Belize, (SIB) February 2017 statistics released consumers prices up by 2.3%, both imports and exports down. The economy contracts by 1.2% for fourth quarter of 2016. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP). Belize has had at least five consecutive quarters of negative economic growth. That's tethering on a economic depression