Certainty, Confidence and Credibility. Securing Growth and Sustainability
From the document:
Antigua and Barbuda is expected to improve from estimated growth of 1.0 percent to 1.2 percent in 2012. Improved economic performance in 2012 reflects expansion in some key sectors such as construction, transportation, and hotels and restaurants, which is the proxy for the tourism sector. The hotels and restaurants sector, which contributes 15.6 percent to GDP, is expected to grow by about 2.0 percent in 2012 as a result of an almost 3.0 percent increase in stay-over arrivals.
The improved performance in 2012 is indicative of the success of our home-grown policies and the slight recovery in the global economy on a whole and, specifically in the United States, our main trading partner. Having made the right macroeconomic policy choices to stabilise the domestic economy, this Government is confident that we will continue to build on the slight recovery in economic performance in 2012. This turnaround indicates that we are set to start reaping the results of sound macroeconomic management. I am certain that as the global economy rebounds the rate of recovery in Antigua and Barbuda will escalate and our country will again experience high levels of economic growth.
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