Antigua and Barbuda Staff Concluding Statement of the 2023 Article IV Mission

Economic activity continues to bounce back from the sharp decline seen during the pandemic. Growth is projected at 8.5 percent and 5.7 percent for 2022 and 2023, respectively, with tourism and construction activity proving to be particularly strong. After reaching 9.2 percent at end-2022, inflation fell to 5 percent by July of this year, with core inflation also steadily declining.

Resurgence of Inflation and the New Geopolitical Realities Redesigning Macroeconomic Policy

Good afternoon to everybody. Thank you, Governor Bezhoska, for the invitation to speak. This conference could not be more timely as Europe simultaneously grapples with firmly bending the inflation curve in the near-term and attempts to revive its growth engine in the medium term against the background of rising geopolitical risks.

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