St. Lucia : Staff Report for the 2003 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

December 8, 2004

Electronic Access:

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Summary:

This 2003 Article IV Consultation highlights that after a contraction in GDP of more than 4 percent in 2001 and only a marginal expansion in 2002, the pace of economic growth in St. Lucia accelerated in 2003 to 3.7 percent, driven by a rebound in tourism of close to 17 percent. Despite the pickup in growth, the overall economic situation remained difficult in 2003, as an ongoing recovery in the tourism sector has not spilled over to the whole economy. Unemployment remained high, and bank credit to the private sector is declining.

Series:

Country Report No. 04/397

Subject:

English

Publication Date:

December 8, 2004

ISBN/ISSN:

9781451823189/1934-7685

Stock No:

1LCAEA0012004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

60

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