01697cas a2200241 a 4500 AALejournalIMF017715 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484304389 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Kingdom of the Netherlands : Aruba. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (64 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 2017 Article IV Consultation highlights Aruba's recession, which began around mid-2015. Real GDP contracted by 0.5 and 0.2 percent in 2015 and 2016, respectively. Weakness in activity was broad based in 2016. Domestic demand contracted by 3.0 percent. Exports grew only 0.3 percent owing to weak tourism and shrinking nontourism exports. Imports contracted by 3.5 percent, reflecting weak demand on the back of fiscal consolidation and weak tourism growth. Monetary policy was unchanged during 2015-16. The banking system remains resilient. Banks maintain elevated capital buffers, have relatively low nonperforming loans, and are profitable. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/155 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/155/002.2017.issue-155-en.xml IMF e-Library