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文章基本信息

  • 标题:Economic Overview
  • 期刊名称:Annual Report / Central Bank of Belize
  • 印刷版ISSN:1025-1618
  • 出版年度:2006
  • 卷号:2006
  • 页码:1-1
  • 出版社:Central Bank of Belize
  • 摘要:The government held to its conservative fiscal strategy in 2006 and monetary policy was tightened further in support of the fiscal stance. While the principal focus was on reducing domestic consumption to safeguard the fixed exchange rate and marshal the resources required to meet external obligations, the economy was resilient largely due to a timely boost provided by the launch of commercial oil operations. As growth of the nonoil sector slowed to 2.5%, GDP growth nevertheless accelerated to 5.8% with value added from the oil sector contributing 3.3% (measured in 2006 prices). Activity in the primary sector fell as bad weather, disease and cyclical factors impacted negatively on agriculture, and financial difficulties in the farmed shrimp sub-sector caused a downturn in fishing. The secondary sector experienced a contrasting turnaround largely due to an upsurge in local electricity production. While decelerating, the services sector registered an increase that was driven by wholesale and retail activity and expansion of the telecommunication infrastructure.
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