Kingdom of the Netherlands - Aruba : 2019 Article IV Consultation Discussions-Press Release and Staff Report
Author/Editor:
International Monetary Fund. Western Hemisphere Dept.
Publication Date:
June 5, 2019
Electronic Access:
Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Aruba is a small open economy with a pegged exchange rate to the U.S. dollar. The island is heavily dependent on tourism and has living standards among the highest in the Caribbean. The economy is gradually recovering from several recessions since 2008. The authorities have managed well the impact of the crisis in Venezuela through diversification of product markets and tourism sources. Nonetheless, a deepening of the crisis is a downside risk—mainly through a potentially sizable influx of immigrants and refugees. And so is a potential deterioration in the outlook for the U.S. economy.
Series:
Country Report No. 19/148
English
Publication Date:
June 3, 2019
ISBN/ISSN:
9781498318006/1934-7685
Stock No:
1ABWEA2019001
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
69
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