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Significance Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks likely to slow further. Impacts Reliance on tourism and agricultural exports leaves Belize vulnerable to global economic shifts and climate change. Remittances will continue rising, supported by US growth and improving labour conditions. Lower commodity prices, particularly in the food and energy sectors, will ease pressures on families in the months ahead.
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