St. Kitts and Nevis: 2017 Article IV Consultation- Press Release; Staff Report
July 5, 2017
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This 2017 Article IV Consultation highlights that the economic performance of St. Kitts and Nevis moderated in 2016. Growth moderated, reflecting the deceleration in tourism-linked sectors and contraction in manufacturing output, while still exceeding the average growth in the Eastern Caribbean Currency Union region. Consumer inflation was negative, reflecting the favorable tax environment and low international fuel prices, but end-year inflation turned positive as these effects started to subside. Growth is expected to average at about 3 percent in the medium term. Inflation is projected to rise with the expected rise in fuel prices, remaining about 2 percent in the medium term.
Subject: Banking, Economic and financial statistics, Economic sectors, External sector statistics, Fiscal policy, Fiscal stance, Public debt, Public sector, Revenue administration
Keywords: Caribbean, CBI inflow, consumer inflation, correspondent banking risk, CR, External sector statistics, Fiscal stance, Global, inflow, ISCR, oil-price weakness, Public sector, SIDF grant, w CBI fee
Pages:
96
Volume:
2017
DOI:
Issue:
186
Series:
Country Report No. 2017/186
Stock No:
1KNAEA2017001
ISBN:
9781484307342
ISSN:
1934-7685
