Barbados: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2004/154, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation highlights that Barbados’s economy has recovered partially from the 2001–02 recession, as real GDP grew by an estimated 2 percent in 2003, led by a recovery in the tourism sector. Inflation remained low at 1.5 percent, reflecting the currency peg. The external current account deficit widened in 2003, as merchandise exports declined and imports recovered from their low recession levels. Broad money growth decelerated in 2003, although it was still faster than GDP growth, and banks became increasingly liquid.

Keywords: ISCR; CR; deficit; economy; capital; Barbadian economy; recession; Barbadian authorities; sequenced approach; target deficit; growth prospect; government pension; current account; Public sector; Government debt management; Caribbean; Global (search for similar items in EconPapers)
Pages: 56
Date: 2004-05-26
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=17431 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2004/154

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().