Tonga : 2007 Article IV Consultation; Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion.

This 2007 Article IV Consultation highlights that Tonga's real GDP growth is estimated to turn negative in FY06/07, declining by 3 1\2 percent. The economy will continue to be subject to uncertainty and shocks. While economic growth should return to positive, albeit low, levels in the medium te...

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Dettagli Bibliografici
Ente Autore: International Monetary Fund
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2007.
Serie:IMF Staff Country Reports; Country Report ; No. 2007/297
Accesso online:Full text available on IMF
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520 3 |a This 2007 Article IV Consultation highlights that Tonga's real GDP growth is estimated to turn negative in FY06/07, declining by 3 1\2 percent. The economy will continue to be subject to uncertainty and shocks. While economic growth should return to positive, albeit low, levels in the medium term, there are lingering risks on the policy front that could derail efforts to restore stability, in particular those that might arise from pressures to increase public sector hiring. A further drop in remittances and terms of trade shocks could present significant pressures on official reserves. 
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