The Kingdom of the Netherlands-Aruba : 2002 Article TV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

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Release Date: © March, 2003
ISBN : 978-1-45180-004-3
Stock #: 1ABWEA0012003
Stock Status: On back-order

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This 2002 Article IV Consultation for the Kingdom of the Netherlands—Aruba highlights that after growing at more than 4 percent per year in 1996–2000, the Aruba economy experienced two years of retrenchment, with GDP falling an estimated 1.2 percent in 2001 and 3.8 percent in 2002. This downturn reflected a lull in investment activity, but especially weak tourism following the United States recession and the terrorist attacks of September 11, 2001. In 2003, sharply higher private and public investment and a modest revival in tourism should boost economic growth to more than 4 percent.

More publications in this series: IMF Staff Country Reports