Bhutan Economic Update, December 2016

Bhutan maintained solid macroeconomic performance in 2016. Large ongoing investments in hydropower projects, and supportive fiscal and monetary policy have contributed to the momentum in growth. Single-digit inflation, a relatively stable exchange rate, and accumulating international reserves attest...

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Main Author:	World Bank
Format:	Report
Language:	en_US
Published:	World Bank, Washington, DC 2017
Subjects:	economic growth economic outlook trade monetary policy fiscal trends employment labor market macroeconomic policy prospects
Online Access:	http://hdl.handle.net/10986/26004

id	okr-10986-26004
recordtype	oai_dc
spelling	okr-10986-260042021-05-25T10:54:40Z Bhutan Economic Update, December 2016 World Bank economic growth economic outlook trade monetary policy fiscal trends employment labor market macroeconomic policy prospects Bhutan maintained solid macroeconomic performance in 2016. Large ongoing investments in hydropower projects, and supportive fiscal and monetary policy have contributed to the momentum in growth. Single-digit inflation, a relatively stable exchange rate, and accumulating international reserves attest to a stable macroeconomic environment. Rapid growth in a relatively calm macroeconomic context is likely to continue for the next few years, which should result in a steady reduction of poverty. Nevertheless, Bhutan’s structural challenges remain: large current account deficits, high public debt, an underdeveloped private sector, and a high youth unemployment rate. To address these challenges, the Royal Government of Bhutan is in the process of revising the Economic Development Policy (EDP) commencing in 2016 and has started preparatory work on the 12th Five-Year Plan (FYP), which will commence in 2018. 2017-02-06T16:02:48Z 2017-02-06T16:02:48Z 2016-12 Report http://hdl.handle.net/10986/26004 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Bhutan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	economic growth economic outlook trade monetary policy fiscal trends employment labor market macroeconomic policy prospects
spellingShingle	economic growth economic outlook trade monetary policy fiscal trends employment labor market macroeconomic policy prospects World Bank Bhutan Economic Update, December 2016
geographic_facet	South Asia Bhutan
description	Bhutan maintained solid macroeconomic performance in 2016. Large ongoing investments in hydropower projects, and supportive fiscal and monetary policy have contributed to the momentum in growth. Single-digit inflation, a relatively stable exchange rate, and accumulating international reserves attest to a stable macroeconomic environment. Rapid growth in a relatively calm macroeconomic context is likely to continue for the next few years, which should result in a steady reduction of poverty. Nevertheless, Bhutan’s structural challenges remain: large current account deficits, high public debt, an underdeveloped private sector, and a high youth unemployment rate. To address these challenges, the Royal Government of Bhutan is in the process of revising the Economic Development Policy (EDP) commencing in 2016 and has started preparatory work on the 12th Five-Year Plan (FYP), which will commence in 2018.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Bhutan Economic Update, December 2016
title_short	Bhutan Economic Update, December 2016
title_full	Bhutan Economic Update, December 2016
title_fullStr	Bhutan Economic Update, December 2016
title_full_unstemmed	Bhutan Economic Update, December 2016
title_sort	bhutan economic update, december 2016
publisher	World Bank, Washington, DC
publishDate	2017
url	http://hdl.handle.net/10986/26004
_version_	1764460704744603648

Bhutan Economic Update, December 2016

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