Federated States of Micronesia : 2015 article IV consultation: staff report: press release: and statement by the Executive Director for the Federated States of Micronesia /

Federated States of Micronesia : 2015 article IV consultation: staff report: press release: and statement by the Executive Director for the Federated States of Micronesia /

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Bibliographic Details
Corporate author / creator:	International Monetary Fund.
Imprint:	Washington, District of Columbia : International Monetary Fund, 2015.
Description:	1 online resource (61 pages) : illustrations, tables.
Language:	English
Series:	IMF Country Reports ; Number 15/128 IMF country report ; no. 15/128.
Subject:	Economic development -- Micronesia. Fiscal policy -- Micronesia. Public investments -- Micronesia. Economic development. Fiscal policy. Public investments. Micronesia. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12504971

Hidden Bibliographic Details
ISBN:	9781513565026 1513565028 9781513538587 1513538586
ISSN:	1934-7685
Notes:	Online resource; title from PDF copyright page (ebrary, viewed June 30, 2015).
Summary:	This 2015 Article IV Consultation highlights that Micronesia's economy is stagnating, as externally funded infrastructure projects are moving slowly. Difficulties in the business climate, in particular those related to land tenure issues, continue to hold back private sector development. Real GDP growth of about 0.1 percent is estimated for the fiscal year 2014. The Micronesian economy is projected to grow at 0.6 percent in the medium term, while risks on the outlook are tilted to the downside. Growth in 2015 is projected to remain subdued at 0.3 percent, while consumer prices are projected to further decline to negative 1.0 percent thanks to the continued pass through of low oil prices.
Other form:	Print version: International Monetary Fund. Federated States of Micronesia : 2015 article IV consultation: staff report: press release: and statement by the Executive Director for the Federated States of Micronesia. Washington, District of Columbia : International Monetary Fund, ©2015 1 volume (various paging) IMF country report ; Number 15/128 9781513565026
Standard no.:	10.5089/9781513565026.002

Description
Summary:	This 2015 Article IV Consultation highlights that Micronesia's economy is stagnating, as externally funded infrastructure projects are moving slowly. Difficulties in the business climate, in particular those related to land tenure issues, continue to hold back private sector development. Real GDP growth of about 0.1 percent is estimated for the fiscal year 2014. The Micronesian economy is projected to grow at 0.6 percent in the medium term, while risks on the outlook are tilted to the downside. Growth in 2015 is projected to remain subdued at 0.3 percent, while consumer prices are projected to further decline to negative 1.0 percent thanks to the continued pass through of low oil prices.
Physical Description:	1 online resource (61 pages) : illustrations, tables.
ISBN:	9781513565026 1513565028 9781513538587 1513538586
ISSN:	1934-7685