The economic activity of St. Vincent and the Grenadines contracted by 1.8% last year and is expected to remain subdued this year despite some pick up in reconstruction efforts

The economic activity of St. Vincent and the Grenadines contracted by 1.8% last year and is expected to remain subdued this year despite some pick up in reconstruction efforts. This was noted by the International Monetary Fund (IMF) in a statement following a 9 day visit here between the 10th- 19th August, 2011.
The mission met with the Prime Minister and Minister of Finance, Ralph Gonsalves, the Director General in the Ministry of Finance Maurice Edwards, other senior government officials as well as members of the Opposition headed by Hon. Arnhim Eustace.
The IMF statement says growth is expected to recover in 2012 and reach its potential level of 3.5% over the medium term, provided recovery in advance economies does not stall. However, the IMF warns that high work commodity prices are expected to put temporary pressure on inflation and the balance of payments in 2011.
The Fund’s statement further states that these developments have also put pressure on the government’s fiscal position as revenues have not kept pace with the increased demand for spending, noting that ensuing deficit have been financed by borrowing mainly from external sources, leading to an increase in public sector debt to Gross Domestic Product (GDP) ratio.

6 Responses to “The economic activity of St. Vincent and the Grenadines contracted by 1.8% last year and is expected to remain subdued this year despite some pick up in reconstruction efforts”

  1. Malerie says:

    Real brain power on display. Thanks for that aneswr!

  2. Hi there! I’m at work browsing your blog from my new iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Keep up the superb work!

  3. I’m not sure exactly why but this site is loading incredibly slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later on and see if the problem still exists.

  4. Commonly I do not study guide on weblogs, but I’d personally love to say that this write-up really forced me to try and do it! Your producing fashion has become amazed me. Thank you, fairly wonderful submit.

  5. Moncler Sale says:

    I am speechless. This will be considered a superb website and definitely engaging also. Excellent perform! That’s now not in point of fact a whole lot coming from an amateur publisher like me, nevertheless it truly is all I could say right after diving into your posts. Terrific grammar and vocabulary. Not like other weblogs. You in level of reality recognize that which you?re speaking about much too. This type of good deal which you just produced me want to explore much more. Your weblog has turn into a stepping stone for me, my pal.

Trackbacks/Pingbacks

  1. dagens pris på guld…

    [...]w I am visiting this country for the first time. I have come to know a lot of oq[...]…