St. Vincent and the Grenadines : 2016 Article IV Consultation-Press Release; Staff Report

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

July 19, 2016

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2016 Article IV Consultation highlights that St. Vincent and the Grenadines’ recovery from the global financial crisis was hampered by a series of natural disasters, sluggish global demand, and slow implementation of key infrastructure projects. Economic activity appears to have recovered in 2015, led by strong tourism inflows and a rebound in construction. Inflation has trended down owing to falling food and fuel prices. The new airport, now foreseen for completion in 2016, is expected to sustain the near- and medium-term economic growth. Real GDP is projected to expand by 2.2 percent in 2016 and reach 3.1 percent over the medium term.

Series:

Country Report No. 14/243

Subject:

English

Publication Date:

July 19, 2016

ISBN/ISSN:

9781498376389/1934-7685

Stock No:

1VCTEA2016001

Format:

Paper

Pages:

77

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