Principality of Andorra: 2022 Article IV Consultation-Press Release; and Staff Report
June 20, 2022
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The Andorran economy is recovering strongly from the pandemic, 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. While the unemployment rate is amongst the lowest in Europe and continues to decline, pockets of vulnerability remain. Notwithstanding significant policy buffers, there are still substantial downside risks, notably the impact in Europe of the war in Ukraine, higher than expected inflation, and a resurgence of infection rates.
Subject: Economic and financial statistics, Economic sectors, Expenditure, Income, International organization, Monetary policy, Monetary statistics, National accounts, Public debt, Tourism
Keywords: Europe, expenditure execution, Global, headline inflation, IMF Policy recommendation, IMF's article, Income, Monetary statistics, money market rate, Tourism, vis nonresident
Pages:
54
Volume:
2022
DOI:
Issue:
179
Series:
Country Report No. 2022/179
Stock No:
1ANDEA2022001
ISBN:
9798400212505
ISSN:
1934-7685
