A prolonged period of stagnation has resulted in declining income relative
to neighboring countries, concerns about fiscal sustainability, and a severe household
debt overhang problem. Elevated public debt, limited external buffers, and a pegged
exchange rate regime, constrain the policy space to respond to shocks. A stronger U.S.
economy and the opening of a mega resort are expected to lift real GDP growth to
1¾ percent this year and 2½ percent in 2018, but potential growth remains low,
reflecting structural impediments. A new administration—in office since mid-May—
has pledged a strong commitment to revive growth and restore fiscal accountability
and discipline.
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
Prices in red indicate formats that are not yet available but are forthcoming.