Macro - Country Economic Forecasts - Vanuatu
We've cut our GDP growth forecasts for Vanuatu to 1.4% for 2024 and to 1.6% for 2025. We largely attribute our downgrades to the liquidation of the country's national airline in May, which led to a swathe of flight cancellations and limited travel accessibility during peak tourism season. Furthermore, revenue from Vanuatu's honorary citizenship program is set to be 50% below the government's target for 2024, generating only US$48mn this year.
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