Cover IMF Staff Country Reports
St. Kitts and Nevis: 2017 Article IV Consultation- Press Release; Staff Report
Author: International Monetary Fund. Western Hemisphere Dept.
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 186
Language:
English
Publication Date:
05 Jul 2017
DOI:
https://doi.org/10.5089/9781484307342.002
ISBN:
9781484307342
ISSN:
1934-7685
Pages:
96
Keywords:
ISCR; CR; CBI inflow; consumer inflation; w CBI fee; inflow; SIDF grant; oil-price weakness; correspondent banking risk; Fiscal stance; Public sector; External sector statistics; Caribbean; Global
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This 2017 Article IV Consultation highlights that the economic performance of St. Kitts and Nevis moderated in 2016. Growth moderated, reflecting the deceleration in tourism-linked sectors and contraction in manufacturing output, while still exceeding the average growth in the Eastern Caribbean Currency Union region. Consumer inflation was negative, reflecting the favorable tax environment and low international fuel prices, but end-year inflation turned positive as these effects started to subside. Growth is expected to average at about 3 percent in the medium term. Inflation is projected to rise with the expected rise in fuel prices, remaining about 2 percent in the medium term.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund