Republic of Palau: Staff Report for the 2014 Article IV Consultation
International Monetary Fund. Asia and Pacific Dept
May 2014 · International Monetary Fund
Ebook
45
Pages
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About this ebook
This 2014 Article IV Consultation highlights that after two years of strong expansion, growth is estimated at about zero percent in the fiscal year 2013 (FY2013, ending in September) in the Republic of Palau owing to declines in construction and tourism. Inflation moderated to 23⁄4 percent (annual average) in FY2013 thanks to stable international food and fuel prices, and it is expected to stay at about 3 percent in FY2014. Growth is projected to increase to 13⁄4 percent in FY2014 and to 21⁄4–21⁄2 percent over the medium term driven by the recovery in tourism and infrastructure developments.
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