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A14 LOCAL
Thursday 9 May 2019
Marginal growth prospects for Aruban economy

ORANJESTAD — Today, the gross domestic product growing by 2.6 percent tion rate of 3.6 percent. tourism-related projects. In
Centrale Bank van Aruba (GDP) growth was raised (real terms). Actual invest- While electricity and wa- the medium term, the val-
(CBA) published the re- by 1.4 percentage points ment activity in 2018 was ter prices remained un- ue of the import of goods is
vised Economic Outlook for to 0.9 percent, due to high- higher than previously an- changed throughout the expected to show a struc-
2019. This publication also er income from tourism and ticipated, but not sufficient year, gasoline prices rose tural growth. This increase is
includes updated projec- a smaller contraction of to realize a gain. In 2019, gradually. For 2019, the induced by an anticipated
tions for 2018 to reflect the investment than previously investments are expected higher tax levy is expected higher world oil price, stron-
most recent developments anticipated. to expand significantly. to continue to exercise in- ger consumption demand
and data. Real private consumption is flationary pressure. (from residents and tour-
Tourism service exports, the estimated to have posted ists), as well as boosting
The economy of Aruba is main driver of economic a 1.7 percent decline in Real GDP is projected to investment volumes. Addi-
projected to grow in real growth, are estimated to 2018. This is mainly due to grow by an average annu- tionally, the government of
terms by 0.9 percent in 2019 have grown by 2.7 per- the introduction of the new al rate of 1.1 percent in the Aruba is expected to make
(nominal: 2.4 percent), ac- cent (real terms) in 2018. tax levy in July of 2018. For medium term. This is based less use of foreign debt fi-
cording to the most recent This growth is led by a rise in 2019, private consumption on information obtained nancing, thus causing a
estimation of the Centrale tourist arrivals. The tourism is likely to contract further. on envisioned investment downward effect on the
Bank van Aruba (CBA). The outlook for 2019 is positive, The year 2018 experienced projects, e.g., related to net foreign reserves of Aru-
2018 estimate of the real with tourism service exports a 12-month average infla- the airport, and several ba in the years to come. q

Applying at Aruba Airport Authority N.V. has to be done digitally

ORANJESTAD – Aruba Airport Authority N.V. airportaruba.com, click on “vacancies” in the AAA invites everyone to visit the website and
(AAA) is proud to announce their most recent “company info” section and enter the online to be pending of the digital recruitment portal
step into the future with the introduction of an digital recruitment portal. This new feature on as various new vacancies will be announced
online digital recruitment portal. the Aruba Airport website is very modern and in the near future. Current vacancies include:
easy to use. Applicants can now follow their Accounting Officer, Revenue & Billing
As of May 7, 2019 everyone interested in applying application process digitally via the new digital Specialist, ID Administrator and Treasurer for the
for a job at AAA must go on the website www. recruitment portal. company.q