Oxford Economic Country Briefings, July 25th, 2007
Highlights and Key Issues
* GDP growth of 4.6% in 2006 exceeded expectations and was driven mainly by tourism and construction. But a slowdown to around 3% is forecast for this year and next despite some large capital projects including an airport runway. And despite some risk from the currency peg to the sliding US$, inflation is expected to slow to under 2%.
* The 2008 budget raises expenditure 7% to XCD385.3m (US$143m). Measures include an increase in the income tax threshold to XCD18,000 (US$6,660) and a halving of fuel excise duty to benefit poorer earners. And from 1 January 2008 basic...
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