1 option
Tonga : 2020 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Tonga.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. Asia and Pacific Dept.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2021/026
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- Monetary policy.
- Economic policy.
- Fiscal policy.
- Physical Description:
- 1 online resource (99 pages) : illustrations
- Other Title:
- Tonga
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2021.
- Summary:
- Tonga’s recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -2½ percent due to domestic containment measures, a sudden stop in tourism, and investment delays. The full brunt of the pandemic will be felt in FY2021 (beginning July) during peak tourism season, when a deeper contraction is expected. A worse outcome was avoided by early actions to close external borders—which has kept Tonga COVID-19-free—and prompt economic support. Beyond FY2021, the recovery is expected to resume in line with the global recovery, but the magnitude and trajectory is uncertain.
- Notes:
- Description based on publisher supplied metadata and other sources.
- ISBN:
- 9781513568065
- 151356806X
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.