Kingdom of Swaziland: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Swaziland
IMF Staff Country Reports, December 23, 2015
Source details
- Canonical URL
- Kingdom of Swaziland: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Swaziland
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Bibliographic details
- Published: December 23, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513583488.002
Summary findings
- Swaziland’s growth has been recovering since the 2010–11 fiscal crisis, albeit at a slower pace recently.
- The growth recovery following the fiscal crisis was broadly supported by the manufacturing and service sectors.
- In 2015, growth is expected to slow owing to adverse weather conditions and a slowdown in tourism and transport sectors.
- The growth outlook is projected to remain subdued over the medium term and is clouded with downside risks.
- Growth is expected to slow in 2016/17, followed by a modest recovery in the following years.
Sector drivers and constraints
- Manufacturing and service sectors: broadly supported the post-2010–11 recovery.
- Tourism and transport sectors: experienced a slowdown contributing to weaker growth in 2015.
- Adverse weather conditions: cited as a direct factor reducing growth in 2015.
Projections and risks
- Short-term projection: growth is expected to slow in 2015 and again in 2016/17.
- Medium-term projection: a modest recovery is expected in the years following 2016/17.
- Risk assessment: outlook is clouded with downside risks (unspecified in summary).
Content in this bundle
- Structure of Financial Sector