Federated States of Micronesia: Staff Report for the 2015 Article IV Consultation
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This 2015 Article IV Consultation highlights that Micronesia’s economy is stagnating, as externally funded infrastructure projects are moving slowly. Difficulties in the business climate, in particular those related to land tenure issues, continue to hold back private sector development. Real GDP growth of about 0.1 percent is estimated for the fiscal year 2014. The Micronesian economy is projected to grow at 0.6 percent in the medium term, while risks on the outlook are tilted to the downside. Growth in 2015 is projected to remain subdued at 0.3 percent, while consumer prices are projected to further decline to negative 1.0 percent thanks to the continued pass through of low oil prices.
Series:
Country Report No. 2015/128
Subject:
Agroindustries Economic sectors Expenditure External debt Extra-budgetary funds Public debt Public financial management (PFM)
English
Publication Date:
May 15, 2015
ISBN/ISSN:
9781513565026/1934-7685
Stock No:
1FSMEA2015001
Pages:
60
Please address any questions about this title to publications@imf.org