{
  "title": "Barbados: Staff Report for the 2004 Article IV Consultation",
  "publication": "IMF Staff Country Reports, May 26, 2004",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/barbados-staff-report-for-the-2004-article-iv-consultation-17431",
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  "summary": "This 2004 Article IV Consultation highlights that Barbados’s economy has recovered partially from the 2001–02 recession, as real GDP grew by an estimated 2 percent in 2003, led by a recovery in the tourism sector. Inflation remained low at 1.5 percent, reflecting the currency peg.",
  "sections": [
    {
      "heading": "Macroeconomic recovery and growth",
      "content": "- Real GDP grew by an estimated 2 percent in 2003, reflecting a partial recovery from the 2001–02 recession.\n- Recovery led by the tourism sector."
    },
    {
      "heading": "Inflation and exchange regime",
      "content": "- Inflation remained low at 1.5 percent, reflecting the currency peg."
    },
    {
      "heading": "External sector",
      "content": "- The external current account deficit widened in 2003.\n- Widening driven by a decline in merchandise exports and a recovery of imports from their low recession levels."
    },
    {
      "heading": "Monetary and banking developments",
      "content": "- Broad money growth decelerated in 2003, although it remained faster than GDP growth.\n- Banks became increasingly liquid."
    },
    {
      "heading": "Subjects and thematic coverage",
      "content": "- Economic sectors\n- Expenditure\n- External debt\n- Government debt management\n- Public debt\n- Public financial management (PFM)\n- Public sector"
    },
    {
      "heading": "Keywords highlighted in the report",
      "content": "- Barbadian authorities\n- Barbadian economy\n- capital\n- Caribbean\n- CR\n- current account\n- deficit\n- economy\n- Global\n- Government debt management\n- government pension\n- growth prospect\n- ISCR\n- Public sector\n- recession\n- sequenced approach\n- target deficit\n\n---\n\n Content in this bundle\n\n- cr04154\n  - cr04154 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr04154 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 26, 2004",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451806038.002",
    "Real GDP grew by an estimated 2 percent in 2003, reflecting a partial recovery from the 2001–02 recession.",
    "Recovery led by the tourism sector.",
    "Inflation remained low at 1.5 percent, reflecting the currency peg.",
    "The external current account deficit widened in 2003.",
    "Widening driven by a decline in merchandise exports and a recovery of imports from their low recession levels.",
    "Broad money growth decelerated in 2003, although it remained faster than GDP growth.",
    "Banks became increasingly liquid.",
    "Barbadian authorities",
    "Barbadian economy",
    "capital",
    "Caribbean",
    "CR",
    "current account",
    "deficit",
    "economy",
    "Global",
    "government pension",
    "growth prospect",
    "ISCR",
    "recession",
    "sequenced approach",
    "target deficit",
    "**_cr04154**"
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