{
  "title": "St. Lucia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Lucia",
  "publication": "IMF Staff Country Reports, June 20, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/20/st-lucia-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46003",
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  "summary": "This 2018 Article IV Consultation highlights that the GDP growth in St. Lucia reached 3 percent in 2017, sustained by robust activity in several sectors.",
  "sections": [
    {
      "heading": "Growth and macroeconomic performance",
      "content": "- GDP growth reached 3 percent in 2017, sustained by robust activity in several sectors.\n- Short-term outlook: GDP growth is expected to remain buoyant in the near term.\n- Prospects beyond the near term are described as sobering."
    },
    {
      "heading": "Tourism and external sector",
      "content": "- Strong recovery in tourism driven by favorable external conditions, hotel expansions, and the addition of new flights.\n- Stay-over arrivals rose by 11 percent, identified as the fastest growth in the Caribbean.\n- Backed by strong tourism inflows, the current account balance strengthened."
    },
    {
      "heading": "Labor market and social indicators",
      "content": "- Unemployment declined from 21.3 percent in 2016 to 20.2 percent in 2017.\n- Youth unemployment remains high at 38.5 percent.\n- Labor force participation has fallen (no numeric value provided)."
    },
    {
      "heading": "Risks and outlook",
      "content": "- Short-term outlook is favorable due to buoyant growth and tourism recovery.\n- Medium- to long-term prospects are sobering (no numeric projections provided).\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\"}"
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    "Published: June 20, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484362617.002",
    "GDP growth reached 3 percent in 2017, sustained by robust activity in several sectors.",
    "Short-term outlook: GDP growth is expected to remain buoyant in the near term.",
    "Prospects beyond the near term are described as sobering.",
    "Strong recovery in tourism driven by favorable external conditions, hotel expansions, and the addition of new flights.",
    "Stay-over arrivals rose by 11 percent, identified as the fastest growth in the Caribbean.",
    "Backed by strong tourism inflows, the current account balance strengthened.",
    "Unemployment declined from 21.3 percent in 2016 to 20.2 percent in 2017.",
    "Youth unemployment remains high at 38.5 percent.",
    "Labor force participation has fallen (no numeric value provided).",
    "Short-term outlook is favorable due to buoyant growth and tourism recovery.",
    "Medium- to long-term prospects are sobering (no numeric projections provided).",
    "**Country Report**"
  ],
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