Belize's economy will be hampered by falling oil production in the coming years, underpinning our forecast that real GDP growth will average a tepid 2.5% annual expansion through 2018. Indeed, although stronger tourist arrivals from the US and rising sugar prices will provide modest support for the economy, but this will largely be offset by weaker exports and higher unemployment.
Belize will continue along its present political trajectory over the next 10 years, with the government remaining unable to tackle corruption, and violent crime posing an ongoing threat to citizens. Nevertheless, we believe that Belizean society will remain stable, and future transitions of power will occur within Belize's constitutional framework.
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