Kingdom of the Netherlands : Aruba: 2013 Article IV Consultation: Staff Report, Informational Annex, Press Release

Publication Date: August 09, 2013
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Summary: This 2013 Article IV Consultation highlights that economic output in Aruba remains 12 percent below its pre-crisis level, with recovery slower than others in the Caribbean region. The non-oil current account (CA) balance, which mostly reflects developments in the tourism sector, has improved since mid-2000 reaching a balanced position in 2012. The overall CA balance, however, after being in surplus for years, showed volatilities in recent years reflecting oil-sector developments. In 2012, it recorded a surplus of 5 percent of GDP. In 2013, real output is projected to grow by 1ΒΌ percent. Robust tourism growth and some pickup in consumption from projected deflation will support the subdued near-term recovery.
Series: Country Report No. 13/258
Subject(s): Article IV consultation reports | Economic recovery | Tourism | Fiscal policy | Budget deficits | Fiscal consolidation | Monetary policy | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Aruba

Publication Date: August 09, 2013
ISBN/ISSN: 9781484307540/1934-7685 Format: Paper
Stock No: 1ABWEA2013001 Pages: 45
US$18.00 (Academic Rate:
US$18.00 )
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