Antigua and Barbuda’s Economic Growth to Slow in 2025, Says IMF
Antigua and Barbuda’s economic growth is expected to moderate in 2025, with the International Monetary Fund (IMF) forecasting a slowdown from 3% to 2.5% in the medium term. The assessment, part of the IMF’s latest Article IV consultation, highlights the post-pandemic recovery stabilizing as tourism-led expansion tapers off.
The economy has surpassed pre-pandemic levels, benefiting from a strong rebound in visitor arrivals. However, as growth normalizes, the IMF projects a gradual deceleration. Inflation, which rose in 2024 due to temporary factors, is expected to ease, reducing pressure on household spending.
Despite the overall positive trajectory, the IMF flagged several downside risks. These include global economic uncertainties, supply chain disruptions, commodity price fluctuations, climate vulnerabilities, and constraints in the construction sector. The report also noted that the country’s external position in 2024 was weaker than what would be ideal for long-term stability.
However, the IMF highlighted areas of potential growth, citing increased tourism demand, improved air connectivity, expanded cruise port facilities, and structural reforms aimed at enhancing productivity. If effectively implemented, these factors could bolster economic resilience and support long-term development.
With Antigua and Barbuda facing mounting challenges from climate change, the IMF emphasized the need for sustainable investment strategies to build resilience. The report also underscored the importance of improving public financial management and ensuring transparency in economic planning.
While growth is expected to moderate, the IMF believes that continued structural reforms, investment in key sectors, and prudent fiscal management will be crucial in maintaining economic stability in the years ahead.
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So wait… one minute we paying down debt, next minute the economy slowing? Which one it really be?
Is more taxes coming? Because my pocket crying already.. SMH
We Antigua people will always find away through this ….. But honestly the government need to do better.
Does the government have a plan for this? Poor people will suffer greatly from this
But I listen to a meeting the world bank had with prime minister and the are saying Antigua has the lowest tax rate in the Caribbean, these wicked fuckers want Gaston to tax us more. They don’t want to see black people rise and live comfortably lives and these stupid ministers are listening to them. They need to tell IMF fuck off. IMF is evil, they pretend that they are helping but they have their own evil agenda. Under Lester and V C Bird I M F could never get a foot into Antigua. Imagine IMF told Gaston that they are happy for the tax hick he impose on the people of Antigua and Barbuda. You all need to read and listen to them in their meetings.