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Kingdom of the Netherlands-Aruba:2015 Article IV Consultation Discussions-Staff Report and Press Release

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by International Monetary Fund. Euro Dept.
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Kingdom of the Netherlands-Aruba:2015 Article IV Consultation Discussions-Staff Report and Press Release by International Monetary Fund. Euro Dept.

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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Ebook Details
Pages: 50
Size: 4.9 MB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2015
ISBN: 9781484373101 (DRM-EPUB)

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01/23/2017
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