St.Vincent and the Grenadines [electronic resource] : Staff Report for the 2011 Article IV Consultation.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 11/343Publication details: Washington, D.C. : International Monetary Fund, 2011Description: 1 online resource (62 p.)ISBN: 146392917X :ISSN: 1934-7685Subject(s): Current Account | Debt Service | Debt Sustainability | Public Debt | Public Sector Debt | Saint Vincent and the GrenadinesAdditional physical formats: Print Version:: St.Vincent and the Grenadines : Staff Report for the 2011 Article IV ConsultationOnline resources: IMF e-Library | IMF Book Store Abstract: This consultation paper explains that in addition to the adverse impact of the global slowdown and higher commodity prices, St. Vincent and the Grenadines has been hit by two successive natural disasters in the last 12 months. As a result, real GDP has been contracted by a cumulative 4.7 percent since 2007 and is expected to remain slightly negative this year. Growth is expected to improve gradually toward its potential, but significant downside risks remain, largely related to developments in the global economy.
This consultation paper explains that in addition to the adverse impact of the global slowdown and higher commodity prices, St. Vincent and the Grenadines has been hit by two successive natural disasters in the last 12 months. As a result, real GDP has been contracted by a cumulative 4.7 percent since 2007 and is expected to remain slightly negative this year. Growth is expected to improve gradually toward its potential, but significant downside risks remain, largely related to developments in the global economy.
Description based on print version record.
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