St. Vincent and the Grenadines: 2006 Article IV Consultation—Staff Report

Near-term economic prospects appear favorable. Growth is expected to pick up to 4 percent in 2006, reflecting continued expansion in tourism and tourism-related services, a rebound in weather-affected agricultural production, as well as strong public sector construction activity. Further acceleration in economic activity is expected in 2007, underpinned by continued expansion in tourism and rising domestic investment.