European Parliament Library

Kingdom of the Netherlands—Aruba :, Staff Report for the 2015 Article IV Consultation Discussions

This 2015 Article IV Consultation highlights that Aruba has been recovering from a severe double-dip recession. The economy faced two major shocks over the past five years—the global financial crisis and shutdown of the Valero oil refinery in 2012. After a strong recovery in 2013 with growth reaching 4.75 percent, the pace of activity moderated in 2014. In 2015, growth is projected to rise to 2.25 percent. The tourism sector—the mainstay of the Aruban economy—is envisaged to grow, albeit at a slower rate. Moreover, domestic demand is slated to recover notably amid subsiding policy uncertainty and as key public-private partnership projects move forward
Table Of Contents
Cover Page; Title Page; Copyright Page; Kingdom of the Netherlands-Aruba: Staff Report for the 2015 Article IV Consultation Discussions; Contents; Boxes; Figures; Tables; Appendices; Introduction; 1. Regional Comparison; Recent Developments, Outlook, and Risks; A. Recent Economic Developments; 2. Growth and External Imbalances; B. Outlook and Risks; Rebuilding Policy Space and Supporting the Recovery; A. Fiscal Policy: Ambitious Consolidation Needed; 3. Fiscal Developments, 2008-14; B. Monetary and Financial Sector Policies: Preserve Stability
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (73 p.)
Specific Material Designation
Form Of Item

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