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For the ninth consecutive month, imports declined with total expenditure amounting to $119.1mn, an 11.8% fall off when compared to the same month of 2008. On the other hand, for the second month, domestic export earnings continued its upward trend growing by 8.5% over the same period of 2008.
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The unemployment rate stood at 12.6% in September of 2009.
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After out-performing many countries in 2008 and growing by 3.6 percent, the Belizean economy could no longer stave off the effects from the global downturn and contracted for the first two quarters in 2009.
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After declines for three consecutive quarters, the Consumer Price Index (CPI) shows that the overall price level rose by 0.8 percent between May and August 2009.
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Belize’s Economy Rebounded by 8.2% in Third Quarter of 2008
SIB
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While the level of economic activity between July and September of this year was characteristically lower than in each of the first two quarters, when compared to the corresponding period of 2007, the Statistical Institute of Belize estimates that Belize’s economy rebounded by 8.2% during the third quarter of this year. This puts growth for first nine months at an estimated 5.3%, the highest rate since 2003. For more detailed information please click here.
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12/3/2008
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