{
  "title": "St. Kitts and Nevis: 2017 Article IV Consultation- Press Release; Staff Report",
  "publication": "IMF Staff Country Reports, July 5, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/07/05/st-45039",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2017/07/05/st-45039",
  "overlayPath": "/en/publications/cr/issues/2017/07/05/st-45039/index.md",
  "summary": "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.",
  "publishDate": "2017-07-05",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Economic performance in 2016",
      "content": "- Growth moderated in 2016, reflecting:\n  - the deceleration in tourism-linked sectors\n  - contraction in manufacturing output\n- Despite moderation, growth in 2016 still exceeded the average growth in the Eastern Caribbean Currency Union region\n- Consumer inflation was negative during 2016, reflecting:\n  - the favorable tax environment\n  - low international fuel prices\n- End-year inflation turned positive as the favorable tax and fuel-price effects started to subside"
    },
    {
      "heading": "Medium-term outlook and projections",
      "content": "- Growth is expected to average at about 3 percent in the medium term\n- Inflation is projected to rise with the expected rise in fuel prices, remaining about 2 percent in the medium term"
    },
    {
      "heading": "Thematic scope and emphasis from the report",
      "content": "- Subjects covered: Banking; Economic and financial statistics; Economic sectors; External sector statistics; Fiscal policy; Fiscal stance; Public debt; Public sector; Revenue administration\n- Keywords and focal issues highlighted: 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\n\nInternational Monetary Fund. St. Kitts and Nevis: 2017 Article IV Consultation- Press Release; Staff Report (July 5, 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/2017/07/05/st-45039"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2017/07/05/st-45039/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2017/07/05/st-45039/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2017/07/05/st-45039/bundle-manifest.json)",
    "Published: July 5, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484307342.002",
    "Growth moderated in 2016, reflecting:",
    "Despite moderation, growth in 2016 still exceeded the average growth in the Eastern Caribbean Currency Union region",
    "Consumer inflation was negative during 2016, reflecting:",
    "End-year inflation turned positive as the favorable tax and fuel-price 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",
    "Subjects covered: Banking; Economic and financial statistics; Economic sectors; External sector statistics; Fiscal policy; Fiscal stance; Public debt; Public sector; Revenue administration",
    "Keywords and focal issues highlighted: 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",
    "**Country Report**"
  ],
  "related": [
    {
      "title": "Country Report",
      "role": "report",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2017/cr17186.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2017/cr17186.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2017/cr17186.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2017/07/05/st-45039/index.md",
    "json": "/en/publications/cr/issues/2017/07/05/st-45039/index.json",
    "bundleManifest": "/en/publications/cr/issues/2017/07/05/st-45039/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-23T12:04:53.629Z"
}