{
  "title": "Dominica: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica",
  "publication": "IMF Staff Country Reports, July 20, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/dominica-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44107",
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  "summary": "This 2016 Article IV Consultation highlights that the Dominican economy was hit hard by tropical storm Erika in 2015. Agricultural output and manufacturing declined sharply, as the storm affected crops and access to arable land, and prompted the closure of operations of the main industrial plant.",
  "sections": [
    {
      "heading": "Economic impact of Tropical Storm Erika (2015)",
      "content": "- The Dominican economy was hit hard by tropical storm Erika in 2015.\n- Agricultural output and manufacturing declined sharply as the storm affected crops and access to arable land, and prompted the closure of operations of the main industrial plant."
    },
    {
      "heading": "Inflation and external sector",
      "content": "- Inflation has remained subdued, mainly as a result of falling fuel prices.\n- Notwithstanding weak exports of agriculture and tourism, the 2015 current account deficit remained contained on the back of lower oil imports."
    },
    {
      "heading": "Growth outlook and reconstruction",
      "content": "- Output growth is expected to remain subdued in 2016 at 1.3 percent as the economy slowly recovers from the storm and investment in reconstruction picks up."
    },
    {
      "heading": "Policy themes and subject areas covered",
      "content": "- Environment\n- Fiscal consolidation\n- Fiscal policy\n- Fiscal stance\n- Natural disasters\n- Public debt\n- Public sector\n\nSource: Dominica: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica\n\n---\n\n Content in this bundle\n\n- Risk Assessment Matrix\n  - Risk Assessment Matrix (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Risk Assessment Matrix (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/dominica-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44107/index.md)",
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    "Published: July 20, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498377393.002",
    "The Dominican economy was hit hard by tropical storm Erika in 2015.",
    "Agricultural output and manufacturing declined sharply as the storm affected crops and access to arable land, and prompted the closure of operations of the main industrial plant.",
    "Inflation has remained subdued, mainly as a result of falling fuel prices.",
    "Notwithstanding weak exports of agriculture and tourism, the 2015 current account deficit remained contained on the back of lower oil imports.",
    "Output growth is expected to remain subdued in 2016 at 1.3 percent as the economy slowly recovers from the storm and investment in reconstruction picks up.",
    "**Risk Assessment Matrix**"
  ],
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