Quarterly Bulletin 2016-II Centrale Bank van Curaçao en Sint Maarten

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Global growth remained subdued during the second quarter of 2016 as the pace of expansion slowed down in the advanced economies. By contrast, growth picked up in the emerging markets and developing economies. In the Monetary Union, however, real output contracted in Curaçao and Sint Maarten.

In Curaçao, real GDP dropped by 0.2% in the second quarter of 2016, following an expansion of 0.4% in 2015’s second quarter. Meanwhile, in Sint Maarten, GDP dropped in real terms by 0.3%, less pronounced than the 0.7% real GDP contraction registered a year earlier. Inflation was negative in the Monetary Union as average consumer prices dropped by 0.2% in both Curaçao and Sint Maarten.



Please also find the supplement to the quarterly bulletin here:



 

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