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MEFD September 2017

Published: Monday October 30th, 2017


Preliminary evidence suggests that domestic output trends remained mildly positive during the review period, as the construction sector continued to benefit from foreign investment projects, as well as post hurricane rebuilding activities. However, the passage of Hurricane Irma at the beginning of September, led to disruptions in the tourism sector, from cruise line diversions and flight cancellations. In prices developments, domestic inflation firmed marginally during the 12 months ending in August, due mainly to higher fuel costs. Meanwhile, monetary developments featured growth in both liquidity and external reserves, buoyed by the receipt of proceeds from the Government’s external borrowing. 

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