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

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