Central Bank of Belize - Annual Report 2007
In 2007, Belize experienced an economic downturn with GDP growth falling from 5.3% to 1.6%, notes the latest Annual Report from the country's central bank.
The report says that the slump was mainly caused by adverse weather conditions, crop disease and cash-flow difficulties on several key export producers. However, the country also boosted its foreign-currency reserves by $45.8m mainly due to foreign direct investment in tourism, real estate, aquaculture and electricity.
The report was published
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