Cover IMF Staff Country Reports
Buy Book in Print
St. Lucia: 2017 Article IV Consultation-Press Release and Staff Report
Author:
International Monetary Fund. Western Hemisphere Dept.
Search for other papers by International Monetary Fund. Western Hemisphere Dept. in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 076
Language:
English
Publication Date:
31 Mar 2017
DOI:
https://doi.org/10.5089/9781475590906.002
ISBN:
9781475590906
ISSN:
1934-7685
Pages:
75
Keywords:
ISCR; CR; GDP; financing terms; executive board assessment; growth prospect; CARTAC Customs Administration; ECCU member country; expenditure pressure; Natural disasters; External sector statistics; Caribbean; Global
Download PDF (4.3 MB) Download Epub
This 2017 Article IV Consultation highlights St. Lucia’s GDP growth, estimated to have reached 0.8 percent in 2016, down from 1.8 percent in 2015. Strong employment growth in agriculture and construction put a dent in unemployment, which declined to 20 percent in the third quarter of 2016. Youth unemployment also fell, but remains very high at 41 percent. GDP is projected to grow at 0.5 percent in 2017, driven mostly by continued strong performance in construction and agriculture. Higher import prices, including for oil, will cause inflation to rise temporarily and, together with weak tourism expenditures, will contribute to wider external imbalances.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund