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GDP growth of 9% in 2021 represented a complete rebound following the 9% contraction recorded in 2020. Reconstruction efforts after two tropical storms in late 2020 partly explain…
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DOI: 10.1108/OXAN-DB267070
ISSN: 2633-304X
Keywords
Geographic
Topical
The contraction preceded the impact of the COVID-19 outbreak. The large inherited fiscal deficit and rising debt-to-GDP ratio are forcing the new government to take unpopular…
The increase, the largest since 2002, comes despite low growth expectations and reflects concerns over rising inflation, with the Central Bank warning of a similar rate rise in…
Lower spending and a contraction in the monetary base have helped reduce the gap between the official and informal exchange rates and devaluation expectations. The government also…
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DOI: 10.1108/OXAN-DB262544
ISSN: 2633-304X
Keywords
Geographic
Topical
The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.