01836cas a2200241 a 4500 AALejournalIMF013835 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484307540 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Kingdom of the Netherlands : Aruba: 2013 Article IV Consultation: Staff Report, Informational Annex, Press Release. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (45 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2013 Article IV Consultation highlights that economic output in Aruba remains 12 percent below its pre-crisis level, with recovery slower than others in the Caribbean region. The non-oil current account (CA) balance, which mostly reflects developments in the tourism sector, has improved since mid-2000 reaching a balanced position in 2012. The overall CA balance, however, after being in surplus for years, showed volatilities in recent years reflecting oil-sector developments. In 2012, it recorded a surplus of 5 percent of GDP. In 2013, real output is projected to grow by 1u percent. Robust tourism growth and some pickup in consumption from projected deflation will support the subdued near-term recovery. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/258 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/258/002.2013.issue-258-en.xml IMF e-Library