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Principality of Andorra: 2022 Article IV Consultation-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

The Andorran economy is recovering strongly from the pandemic, supported by a rebound in tourism, retail trade, construction, and professional services. Real GDP is expected to reach pre-crisis levels in the second half of 2022. While the unemployment rate is amongst the lowest in Europe and continues to decline, pockets of vulnerability remain. Notwithstanding significant policy buffers, there are still substantial downside risks, notably the impact in Europe of the war in Ukraine, higher than expected inflation, and a resurgence of infection rates.

Suggested Citation

  • International Monetary Fund, 2022. "Principality of Andorra: 2022 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2022/179, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2022/179
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    Keywords

    headline inflation; money market rate; IMF Policy recommendation; vis nonresident; expenditure execution; IMF's article; Income; Tourism; Monetary statistics; Europe; Global;
    All these keywords.

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