News Feeds
23 Jan 2024
IMF Executive Board Concludes 2023 Article IV Consultation with Antigua and Barbuda
Antigua and Barbuda’s economy continues to bounce back from the sharp contraction experienced during the COVID-19 pandemic. Real activity is expected to return to pre-pandemic levels this year, with growth projected at 5.7 percent, driven by a rebound in tourism and construction activity. Inflation has declined from 2022 peaks but remains elevated (at 6.6 percent in August this year), accompanied by moderating core inflation. The financial sector is well capitalized and liquid and the share of nonperforming loans is stable, with credit growth remaining weak.
