{
  "title": "St. Lucia: 2017 Article IV Consultation-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, March 31, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/03/31/st-lucia-2017-article-iv-consultation-press-release-and-staff-report-44784",
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  "summary": "This 2017 Article IV Consultation highlights St. Lucia’s GDP growth, estimated to have reached 0.8 percent in 2016, down from 1.8 percent in 2015. Strong employment growth in agriculture and construction put a dent in unemployment, which declined to 20 percent in the third quarter of 2016.",
  "publishDate": "2017-03-31",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic performance and projections",
      "content": "- GDP growth is estimated to have reached 0.8 percent in 2016, down from 1.8 percent in 2015.\n- GDP is projected to grow at 0.5 percent in 2017, driven mostly by continued strong performance in construction and agriculture.\n- Inflation is expected to rise temporarily due to higher import prices, including for oil."
    },
    {
      "heading": "Employment and labor market",
      "content": "- Unemployment declined to 20 percent in the third quarter of 2016, supported by strong employment growth in agriculture and construction.\n- Youth unemployment also fell, but remains very high at 41 percent."
    },
    {
      "heading": "External sector and balance implications",
      "content": "- Higher import prices, including for oil, together with weak tourism expenditures, will contribute to wider external imbalances."
    },
    {
      "heading": "Thematic coverage (as listed)",
      "content": "- Capital spending\n- Economic and financial statistics\n- Environment\n- External sector statistics\n- Fiscal stance\n- Natural disasters\n- Public debt\n- Public financial management (PFM)\n- Revenue administration\n\nSt. Lucia: 2017 Article IV Consultation-Press Release and Staff Report (March 31, 2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/03/31/st-lucia-2017-article-iv-consultation-press-release-and-staff-report-44784"
    }
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    "Published: March 31, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475590906.002",
    "GDP growth is estimated to have reached 0.8 percent in 2016, down from 1.8 percent in 2015.",
    "GDP is projected to grow at 0.5 percent in 2017, driven mostly by continued strong performance in construction and agriculture.",
    "Inflation is expected to rise temporarily due to higher import prices, including for oil.",
    "Unemployment declined to 20 percent in the third quarter of 2016, supported by strong employment growth in agriculture and construction.",
    "Youth unemployment also fell, but remains very high at 41 percent.",
    "Higher import prices, including for oil, together with weak tourism expenditures, will contribute to wider external imbalances.",
    "Capital spending",
    "Economic and financial statistics",
    "Environment",
    "External sector statistics",
    "Fiscal stance",
    "Natural disasters",
    "Public debt",
    "Public financial management (PFM)",
    "Revenue administration",
    "**Country Report**"
  ],
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      "title": "Country Report",
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      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2017/cr1776.pdf",
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