But, whether it reaches the shore or not - the IMF continues to express satisfaction with Belize's economic performance. At the conclusion of their article four consultation they concluded "Belize's economy has continued to perform well….real GDP is estimated to have continued to grow robustly by 4.5 percent in 2023 led by the expansion of the tourism, construction, retail and wholesale trade, transport, and business process outsourcing sectors."
They conclude that real GDP growth is projected to moderate going forward. Growth is projected at 3.5 percent in 2024 and 2.5 percent from 2025 onwards.
They warn that "the risk of higher global food and fuel prices due to armed conflicts in Ukraine and the Middle East remains elevated, which could increase Belize's inflation and food insecurity."
