Report

Bhutan Economic Update, December 2016

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank
en_US
dc.date.accessioned
2017-02-06T16:02:48Z
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dc.date.available
2017-02-06T16:02:48Z
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dc.date.issued
2016-12
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dc.description.abstract
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.
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dc.identifier.uri
http://hdl.handle.net/10986/26004
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dc.language.iso
en_US
en_US
dc.publisher
World Bank, Washington, DC
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dc.rights
CC BY 3.0 IGO
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dc.rights.holder
World Bank
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dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
en_US
dc.subject
economic growth
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dc.subject
economic outlook
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dc.subject
trade
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dc.subject
monetary policy
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dc.subject
fiscal trends
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dc.subject
employment
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dc.subject
labor market
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dc.subject
macroeconomic policy
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dc.subject
prospects
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dc.title
Bhutan Economic Update, December 2016
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dc.type
Report
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okr.date.disclosure
2017-02-07
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okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
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okr.doctype
Economic & Sector Work
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okr.googlescholar.linkpresent
yes
okr.region.administrative
South Asia
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okr.region.country
Bhutan
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okr.topic
Macroeconomics and Economic Growth :: Economic Forecasting
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okr.topic
Macroeconomics and Economic Growth :: Economic Growth
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okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
en_US

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