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文章基本信息

  • 标题:R E G I O N A L E C O N O M Y
  • 本地全文:下载
  • 期刊名称:Annual Economic and Financial Review / Eastern Caribbean Central Bank
  • 出版年度:2006
  • 卷号:1
  • 页码:7-7
  • 出版社:Basseterre
  • 摘要:Economic activity in the Eastern Caribbean Currency Union (ECCU) strengthened in the first quarter of 2006 relative to the corresponding period of 2005. The expansion was largely driven by robust growth in construction as some countries prepare to host the Cricket World Cup (CWC) in 2007. Tourism activity also increased, while agricultural output declined. Consumer prices rose in most of the member countries during the first quarter of 2006, partly reflecting the impact of rising fuel prices. The consolidated fiscal accounts of the central governments indicate a narrowing in the overall deficit, attributed to an increase in current revenue. Monetary liabilities expanded, commercial bank liquidity was at a high level, and interest rates remained largely unchanged. In the external sector, the current account deficit widened as the value of imports increased, consistent with the expansion in economic activity and rising international oil prices.
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