Barbados: 2007 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion
September 13, 2007
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This 2007 Article IV Consultation highlights that the economy of Barbados has been growing at a solid pace, and the outlook for 2007 is generally favorable. Robust output growth of about 4 percent is expected to continue in 2007, supported by tourism and construction. Inflation, which was pushed up in 2006 by higher energy prices and a temporary import surcharge, is set to decelerate to 5½ percent in 2007. However, the current account deficit, despite having narrowed in 2006, is still high and projected to remain unchanged at about 8½ percent of GDP.
Subject: Balance of payments, Banking, Capital account, Economic sectors, External debt, Financial services, Public debt, Public sector
Keywords: Barbadian authorities, Capital account, Caribbean, commitment to fiscal consolidation, CR, debt, debt objective, deficit, Executive Board assessment, Global, government project, IMF staff estimate, ISCR, liberalization, Public sector
Pages:
28
Volume:
2007
DOI:
Issue:
315
Series:
Country Report No. 2007/315
Stock No:
1BRBEA2007001
ISBN:
9781451806076
ISSN:
1934-7685
