01844cas a2200241 a 4500 AALejournalIMF018204 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484338032 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Tonga : 2017 Article IV Consultation-Press Release; and the Staff Report for Tonga. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (69 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 that over recent years, Tonga has enjoyed robust growth and macroeconomic stability. Growth continued to be strong at 2.7 percent in FY2017 following 3.4 percent in FY2016, supported by construction, agriculture, tourism, strong remittances, and strong private credit growth. Inflation spiked in FY2017 because of a new import tax and an increase in domestic food prices. The country's external position weakened slightly owing to construction-related imports, with reserves supported by strong remittances and donor aid. The outlook for the Tongan economy is favorable, despite external headwinds. Real GDP growth is projected at 3.4 percent in FY2018, driven by construction, agriculture, and tourism. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/012 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/012/002.2018.issue-012-en.xml IMF e-Library