Samoa : 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Samoa
Electronic Access:
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Summary:
This 2018 Article IV Consultation highlights Samoa’s resilient economy and continued good performance. Growth remained robust at 2.5 percent in 2016/17, driven by commerce, services, and agriculture. Inflation picked up to 1.3 percent in 2016/17, compared with close to zero in the previous year, but remains well below the authorities’ target of 3 percent. The current account deficit narrowed to 2.3 percent, driven by temporary factors. The Samoan tala appreciated against the US dollar during 2016/17, although there was little change in the nominal and real effective exchange rates. Growth is projected to moderate to 1.8 percent in 2017/18 and then rebound in 2018/19 as two new businesses scale up operations at the old Yazaki plant and several infrastructure projects are completed.
Series:
Country Report No. 18/145
Subject:
Anti-money laundering Article IV consultation reports Balance of payments statistics Combating the financing of terrorism Economic indicators Financial sector Fiscal policy Fiscal reforms Fiscal sustainability Monetary policy Press releases Spillovers
English
Publication Date:
June 4, 2018
ISBN/ISSN:
9781484359242/1934-7685
Stock No:
1WSMEA2018001
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
71
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