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Country Report St Maarten 1st Quarter Product Image

Country Report St Maarten 1st Quarter

  • Published: March 2012
  • 24 Pages
  • The Economist Intelligence Unit

A two-thirds majority will help the coalition government of the prime minister, Sarah Wescot-Williams, to maintain political stability in the forecast period. The government will struggle to build the nation's fledgling institutions, especially its monetary framework. The government's accounts will remain under the supervision of the Dutch College Financieel Toezicht (CFT, the financial supervision council) in the forecast period. The fiscal accounts will remain in deficit throughout the outlook period. Weak economic growth will undermine its attempts at fiscal reform. Any unpopular austerity measures will test the strength of the governing coalition. Sint Maarten is set to build its own central bank after Curacao's parliament voted to dissolve the bi-national Centrale Bank van Curaçao en Sint Maarten (the joint Central Bank). This will create substantial monetary policy uncertainty in the forecast period. The Netherlands Antilles guilder is likely to be replaced in 2012 by a Caribbean guilder, or as Sint Maarten prefers, the US dollar. Global weakening and attempts to tighten the fiscal policy stance will cause growth in Sint Maarten to slow again in 2012. The current-account READ MORE >

Country Report St Maarten 1st Quarter

Summary
Outlook for 2012-13
The political scene
Economic policy
The domestic economy
Foreign trade and payments

Basic data
Land area
Population
Main town
Climate
Weather
Language
Measures
Currency
Time
Public holidays

Political structure
Official name
Form of government
The executive
Head of state
National legislature
Legal system
Elections
Government
Main political organisations
Key ministers
Central Bank president

Economic structure: Annual indicators

Economic structure: Quarterly indicators

Outlook for 2012-13: Political stability

Outlook for 2012-13: Election watch

Outlook for 2012-13: International relations

Outlook for 2012-13: Policy trends

Outlook for 2012-13: Economic growth

Outlook for 2012-13: Inflation

Outlook for 2012-13: Exchange rate

Outlook for 2012-13: External sector

The political scene: Government fails to act on labour disputes

The political scene: Sint Maarten gains more foreign policy powers

The political scene: The Dutch kingdom minister of relations visits Sint Ma

Economic policy: Sint Maarten and the CFT strengthen relations

Economic policy: The budget for 2012 misses its deadline again

The domestic economy: Sint Maarten's economy performs weakly

Foreign trade and payments: The current-account deficit widens in the first

The region: Summary
Outlook for 2012-13
Recent developments

The region: Weak economic growth will result in volatility

The region: Crime will remain a destabilising force

The region: Regional integration will remain an elusive goal

The region: Public-sector debt levels will remain worryingly high

The region: Soft US and UK demand will continue to affect tourism

The region: Resource-based investments will recover only slowly

The region: A loss of preferences will hurt the region's agriculture sector

The region: Financial-sector performance will vary across the region

The region: A Caricom report underscores the crisis facing regional body

The region: Tourist arrivals figures show improvement

Format Properties
Electronic (PDF) The report will be emailed to you. The report is sent in PDF format. This is a single user license, allowing one specific user access to the product.
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