01764cas a2200241 a 4500 AALejournalIMF014550 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498363709 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Grenada : Staff Report for the 2014 Article IV Consultation and Request for an Extended Credit Facility Arrangement. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (124 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 2014 Article IV Consultation highlights that Grenada's economy continues to face significant headwinds after a decade of natural disasters and economic shocks coalesced into a deep economic crisis by 2011-2012. Economic activity declined by more than 8 percent of GDP from peak to trough (2008-2012) as tourism and construction collapsed. After almost four years of decline, real GDP grew by 1.5 percent in 2013. To address the fiscal crisis, the authorities have initiated fiscal adjustment as part of their 2014 budget, and have subsequently approved a large package of revenue measures needed for the targeted consolidation. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/196 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/196/002.2014.issue-196-en.xml IMF e-Library