{"id":3698,"date":"2019-05-08T22:08:08","date_gmt":"2019-05-09T02:08:08","guid":{"rendered":"http:\/\/drealfmgrenada.com\/?p=3698"},"modified":"2019-05-08T22:32:42","modified_gmt":"2019-05-09T02:32:42","slug":"grenadas-economy-predicted-to-grow-further-imf","status":"publish","type":"post","link":"https:\/\/drealfmgrenada.com\/index.php\/2019\/05\/08\/grenadas-economy-predicted-to-grow-further-imf\/","title":{"rendered":"Grenada&#8217;s Economy  Predicted  To  Grow Further-IMF"},"content":{"rendered":"<p><strong>St.George\u2019s Grenada,(Real FM) ,<\/strong>There is strong outlook of growth for Grenada\u2019s Economy in 2019 .The\u00a0 predicted expansion\u00a0 for the Caribbean island\u2019s Economy was made by\u00a0 the International \u00a0Monetary Fund ( IMF) Team Leader, Bogdan Lissovolik who was at the time engaging\u00a0 the Media here on Wednesday 8<sup>th<\/sup> May.<\/p>\n<p>The undertaking is an element of the IMF\u2019s Article IV Consultations; and is part of their usual surveillance done with member countries to assess economic health and forestall future financial problems.<\/p>\n<p>The head of the Mission, unveiled findings in relation to Grenada&#8217;s recent economic developments and short-term economic prospects. Gradual growth of the Gross Domestic Product ( GDP) is expected to expand to \u00a0around 3.5% for the year .<\/p>\n<div style=\"width: 640px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-3698-1\" width=\"640\" height=\"360\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"http:\/\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/IMF-1-.mp4?_=1\" \/><a href=\"http:\/\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/IMF-1-.mp4\">http:\/\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/IMF-1-.mp4<\/a><\/video><\/div>\n<p>Although the island\u2019s unemployment figures have declined, the senior IMF economist expressed worry over the current figures.<\/p>\n<p>While external deficit of 11%, lower than 2018 and previous years, the mission praised the countries Citizenship by Investment Program, and construction projects, which fuelled the growth.<\/p>\n<p>Recommendation however, from the Washington based financial institution, is for the Small Island Developing State, to off scale public spending ,channel spending pressures and accelerate \u00a0reform to generate sustainable\u00a0 employment.<\/p>\n<p>Despite of Predictions of growth, the economist expressed his worry over the unemployment figures.<\/p>\n<div style=\"width: 640px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-3698-2\" width=\"640\" height=\"360\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"http:\/\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/IMF-2.mp4?_=2\" \/><a href=\"http:\/\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/IMF-2.mp4\">http:\/\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/IMF-2.mp4<\/a><\/video><\/div>\n<p>Grenada made important strides under the 2014-17 Extended Credit Facility-supported program, achieving debt reduction by 37 percent of GDP since 2013; This allowed the island to upgrading the framework for fiscal policy, strengthen the financial system, improve governance, and create a better business environment.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><em>Contributor:Mina Booker<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>St.George\u2019s Grenada,(Real FM) ,There is strong outlook of growth for Grenada\u2019s Economy in 2019 .The\u00a0 predicted expansion\u00a0 for the Caribbean island\u2019s Economy was made by\u00a0 the International \u00a0Monetary Fund ( IMF) Team Leader, Bogdan Lissovolik <a class=\"mh-excerpt-more\" href=\"https:\/\/drealfmgrenada.com\/index.php\/2019\/05\/08\/grenadas-economy-predicted-to-grow-further-imf\/\" title=\"Grenada&#8217;s Economy  Predicted  To  Grow Further-IMF\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":3701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[39],"tags":[],"class_list":{"0":"post-3698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-news"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?fit=259%2C194&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"rttpg_featured_image_url":{"full":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?fit=259%2C194&ssl=1",259,194,false],"landscape":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg",259,194,false],"portraits":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg",259,194,false],"thumbnail":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?fit=259%2C194&ssl=1",259,194,true],"large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?fit=259%2C194&ssl=1",259,194,true],"1536x1536":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?fit=259%2C194&ssl=1",259,194,true],"2048x2048":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?fit=259%2C194&ssl=1",259,194,true],"mh-magazine-slider":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?resize=259%2C194&ssl=1",259,194,true],"mh-magazine-content":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?resize=259%2C194&ssl=1",259,194,true],"mh-magazine-large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?resize=259%2C194&ssl=1",259,194,true],"mh-magazine-medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?resize=259%2C194&ssl=1",259,194,true],"mh-magazine-small":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2019\/05\/images.jpg?resize=80%2C60&ssl=1",80,60,true]},"rttpg_author":{"display_name":"adminrfm","author_link":"https:\/\/drealfmgrenada.com\/index.php\/author\/adminrfm\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/drealfmgrenada.com\/index.php\/category\/news\/local-news\/\" rel=\"category tag\">Local News<\/a>","rttpg_excerpt":"St.George\u2019s Grenada,(Real FM) ,There is strong outlook of growth for Grenada\u2019s Economy in 2019 .The\u00a0 predicted expansion\u00a0 for the Caribbean island\u2019s Economy was made by\u00a0 the International \u00a0Monetary Fund ( IMF) Team Leader, Bogdan Lissovolik 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