European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Background; II. Recent Developments and Short-Term Outlook; III. Medium-Term Challenges under a Liberalized Capital Account; A. Fiscal Policy: The Case for Consolidation; B. Monetary Policy: Developing Market-Based Instruments; C. Financial Sector Policies: Strengthening Regulation and Supervision; IV. Staff Appraisal; Box; 1. Real Exchange Rate and Competitiveness Assessment; Figures; 1. Macroeconomic Developments, 2000-07; 2. Macroeconomic Policies, 2000-07; 3. Public Debt Ratio and Reserve Coverage under Alternative Scenarios, 2006-18; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (29 p.)
Specific Material Designation
Form Of Item

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