Analysis by Region - Emerging Markets - Aruba
We have raised our 2023 GDP forecast for Aruba by 4.7ppts to a 0.1% y/y decline as we believe tourism will continue to recover. That said, we expect the economy to contract this year because inflation will erase some of the nominal gains in consumption and investment. The tourism industry is expected to return to its pre-crisis level by early next year, supported by the return of cultural events and various growth projects in development. Therefore, we anticipate growth of 1.4% in 2024.
- Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.
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