01745cas a2200241 a 4500 AALejournalIMF017195 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475547986 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Belize : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Excutive Director for Belize. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (84 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 2016 Article IV Consultation highlights that the economy of Belize is facing multiple challenges. GDP growth slowed to 1 percent in 2015 owing to falling oil production and reduced output in the primary commodity sectors, and turned to negative 1.5 percent in the first half of 2016 relative to the same period in 2015. The decline in oil and other commodity prices led to deflation in 2015. GDP is projected to decline by 1.5 percent in 2016. The current account deficit would slowly improve owing to a gradual recovery in major commodity exports, but would remain high, indicating a weak external position. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/334 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/334/002.2016.issue-334-en.xml IMF e-Library