PROF. DENSIL WILLIAMS REACTS TO IMF’S ARTICLE IV CONSULTATION WITH ANTIGUA AND BARBUDA

The executive board of the International Monetary Fund says Antigua and Barbuda’s economy is recovering but facing headwinds from multiple external shocks.
It also says “the rebound is supported by tourism and construction activity, but output is expected to return gradually to pre-pandemic levels by 2025 reflecting scarring effects from the pandemic.”
The IMF’s executive board also says containing the wage bill is a necessary component of achieving the original primary balance targets.
Professor of International Business and Principal of the University of the West Indies Five Islands Campus, Densil Williams, told ABS News the report makes for important reading as it points to key developments in the economy’s recovery.