St. Lucia : 2017 Article IV Consultation-Press Release and Staff Report

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

March 31, 2017

Electronic Access:

Free Full Text (PDF file size is 3930 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2017 Article IV Consultation highlights St. Lucia’s GDP growth, estimated to have reached 0.8 percent in 2016, down from 1.8 percent in 2015. Strong employment growth in agriculture and construction put a dent in unemployment, which declined to 20 percent in the third quarter of 2016. Youth unemployment also fell, but remains very high at 41 percent. GDP is projected to grow at 0.5 percent in 2017, driven mostly by continued strong performance in construction and agriculture. Higher import prices, including for oil, will cause inflation to rise temporarily and, together with weak tourism expenditures, will contribute to wider external imbalances.

Series:

Country Report No. 17/76

Subject:

English

Publication Date:

March 31, 2017

ISBN/ISSN:

9781475590906/1934-7685

Stock No:

1LCAEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

75

Please address any questions about this title to publications@imf.org