Antigua and Barbuda’s Economy Will Grow By 5.8 per cent in 2024, says IMF

The content originally appeared on: Antigua News Room
Prime Minister of Antigua and Barbuda Gaston A. Browne

Antigua and Barbuda’s economy continues to recover.

Real GDP growth is estimated at 4.2 percent in 2023, returning the country to pre-pandemic real output levels on the back of strong construction activity and continued growth in tourist arrivals.

In 2024, growth is projected to be temporarily higher.

Growth in 2024 is expected to accelerate to 5.8 percent, boosted by Antigua’s hosting of the UN’s Small Island Developing States Conference and co-hosting of the T20 Cricket World Cup.

Inflation rose to 6.0 percent in April 2024, from 3.3 percent at end-2023.

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