Principality of Andorra: 2022 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, June 20, 2022
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- Principality of Andorra: 2022 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: June 20, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400212505.002
Economic recovery and outlook
- The Andorran economy is recovering strongly from the pandemic.
- Recovery is supported by a rebound in tourism, retail trade, construction, and professional services.
- Real GDP is expected to reach pre-crisis levels in the second half of 2022.
Labor market and vulnerabilities
- The unemployment rate is amongst the lowest in Europe and continues to decline.
- Pockets of vulnerability remain despite low and falling unemployment.
Risks and policy environment
- Notwithstanding significant policy buffers, there are still substantial downside risks.
- Notable downside risks include:
- the impact in Europe of the war in Ukraine,
- higher than expected inflation,
- a resurgence of infection rates.
Principality of Andorra: 2022 Article IV Consultation-Press Release; and Staff Report
Content in this bundle
- 1andea2022001