Tonga : 2016 Article IV consultation; press release; staff report; and statement by the Executive Director for Tonga.

Tonga : 2016 Article IV consultation; press release; staff report; and statement by the Executive Director for Tonga.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, [2016] ©2016
Description:	1 online resource (66 pages) : color illustrations.
Language:	English
Series:	IMF country report ; no. 16/178 IMF country report ; no. 16/178.
Subject:	International Monetary Fund -- Tonga. International Monetary Fund. Economic development -- Tonga. Economic indicators -- Tonga. Economic forecasting -- Tonga. Economic development. Economic forecasting. Economic indicators. Economic policy. Tonga -- Economic policy. Tonga.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12506683

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. publisher.
ISBN:	9781498311816 1498311814
ISSN:	1934-7685
Notes:	"June 2016." Includes bibliographical references. Description based on online resource; title from pdf title page (IMF website, viewed July 28, 2016).
Summary:	This paper discusses recent economic developments, economic outlook, risks, and challenges in Tonga. The Tongan economy has been rebounding since a contraction in FY2013. Growth accelerated from 2.1 percent in FY2014 to 3.7 percent in FY2015, supported by construction, tourism, strong remittances, and strong private credit, notwithstanding weather-related disruptions to agricultural production. The FY2016 real GDP growth is projected to remain relatively strong at 3.1 percent, driven by a recovery in agriculture and an increase in construction activity in preparation for the South Pacific Games. However, a protracted period of slower growth in advanced and emerging market economies, particularly in Australia and New Zealand, could weigh on Tonga via aid, remittances, and tourism channels.
Other form:	Print Version: Tonga : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tonga. Washington, D.C. : International Monetary Fund, 2016. 9781498311816
Standard no.:	10.5089/9781498311816.002

Description
Summary:	This paper discusses recent economic developments, economic outlook, risks, and challenges in Tonga. The Tongan economy has been rebounding since a contraction in FY2013. Growth accelerated from 2.1 percent in FY2014 to 3.7 percent in FY2015, supported by construction, tourism, strong remittances, and strong private credit, notwithstanding weather-related disruptions to agricultural production. The FY2016 real GDP growth is projected to remain relatively strong at 3.1 percent, driven by a recovery in agriculture and an increase in construction activity in preparation for the South Pacific Games. However, a protracted period of slower growth in advanced and emerging market economies, particularly in Australia and New Zealand, could weigh on Tonga via aid, remittances, and tourism channels.
Item Description:	"June 2016."
Physical Description:	1 online resource (66 pages) : color illustrations.
Bibliography:	Includes bibliographical references.
ISBN:	9781498311816 1498311814
ISSN:	1934-7685