Fiscal Balance in Belize
Belize - Fiscal BalanceGDP growth remained strong in Q3, albeit easing compared to Q2’s stellar performance. The slowdown was due to a less favorable base effect and increasing new Covid-19 cases, which led to the imposition of a curfew in the period. Looking at sectors, agricultural output had the worst performance, slowing down significantly. Meanwhile, the labor market showed some positive signs, as the latest survey revealed that the unemployment rate fell to single digits in September. Turning to Q4, tourism remained solid in October–November, which should have supported the still-fragile services sector. Meanwhile, both exports and imports expanded robustly in the same period, signaling resuming activity at home and strong demand abroad. That said, Covid-19 continued to hamper output in the quarter and into the new year, with some restrictions remaining in place until at least mid-January.
Belize - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-8.0||-3.4||-2.8||-0.7||-1.8|
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