KEY ISSUES Outlook and risks. The economy will remain vulnerable over the medium term, with sluggish real GDP growth, rising public debt and widening external current account deficits. International reserves could decline to uncomfortably low levels. The financial system would continue to be...

This 2017 Article IV Consultation highlights that adverse developments negatively impacted the Belizean economy in 2016, with strong expansion of tourism the only bright spot. Output is estimated to have contracted by 0.8 percent in 2016, reflecting a continued slowdown in oil production and...