Barbados: 2007 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion
Volume/Issue:
Volume 2007
Issue 315
Publication date: September 2007
ISBN: 9781451806076
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , deficit , liberalization , Executive Board assessment , debt , Barbadian authorities , IMF staff estimate , debt objective , government project , commitment to fiscal consolidation , Public sector , Capital account , Caribbean , Global
Summary
This 2007 Article IV Consultation highlights that the economy of Barbados has been growing at a solid pace, and the outlook for 2007 is generally favorable. Robust output growth of about 4 percent is expected to continue in 2007, supported by tourism and construction. Inflation, which was pushed up in 2006 by higher energy prices and a temporary import surcharge, is set to decelerate to 5½ percent in 2007. However, the current account deficit, despite having narrowed in 2006, is still high and projected to remain unchanged at about 8½ percent of GDP.
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