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 reachin...
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Format: | eBook |
Language: | English |
Published: |
Washington, D.C.
International Monetary Fund
2015
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Series: | IMF Staff Country Reports
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Subjects: | |
Online Access: | |
Collection: | International Monetary Fund - Collection details see MPG.ReNa |
Summary: | 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 |
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Physical Description: | 50 pages |
ISBN: | 9781475582697 |