Country Economic Forecasts - Aruba
We expect that real GDP growth softened to 1.1% in 2019, down slightly from the pace recorded in 2018. Growth will remain lethargic in response to the global slowdown, the uncertainty around the oil refinery and the ongoing fiscal consolidation. GDP is forecast to increase by 0.9% in 2020, which reflects our tentative outlook for the island’s economy.
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