Barbados: 2007 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2007/315, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2007 Article IV Consultation highlights that the economy of Barbados has been growing at a solid pace, and the outlook for 2007 is generally favorable. Robust output growth of about 4 percent is expected to continue in 2007, supported by tourism and construction. Inflation, which was pushed up in 2006 by higher energy prices and a temporary import surcharge, is set to decelerate to 5½ percent in 2007. However, the current account deficit, despite having narrowed in 2006, is still high and projected to remain unchanged at about 8½ percent of GDP.

Keywords: ISCR; CR; deficit; liberalization; Executive Board assessment; debt; Barbadian authorities; IMF staff estimate; debt objective; government project; commitment to fiscal consolidation; Public sector; Capital account; Caribbean; Global (search for similar items in EconPapers)
Pages: 28
Date: 2007-09-13
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Citations: View citations in EconPapers (5)

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