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Grenada's Economy
Economic progress in fiscal reforms and prudent macroeconomic management on Grenada have boosted annual growth to 5%-6% in 1998-99; the increase in economic activity has been led by construction and trade.
Tourist facilities are being expanded; tourism is the leading foreign exchange earner.
Major short-term concerns are the rising fiscal deficit and the deterioration in the external account balance.
Grenada shares a common central bank and a common currency (the East Caribbean Dollar) with seven other members of the Organisation of Eastern Caribbean States (OECS).
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