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Country Economic Forecasts > St. Lucia

  • October 2014
  • -
  • Oxford Economics
  • -
  • 4 pages

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Stay-over visitor arrivals picked up in the first half of 2014, rising by 6% relative to a year earlier. Furthermore, the number of cruise ship arrivals rose by over 5%.  Overall tourism receipts are estimated to have increased by 7.7% in H1. The economies of three key source markets for tourists - the US, Canada and UK - are all on a solid footing now, so we expect the positive trend in tourism to persist. After two years of recession, the economy is expected to grow by 0.5% in 2014 and 2.3% in 2015. However, the pace of expansion could be constrained by the continued need for fiscal consolidation.

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ref:plp2014

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