Growth is recovering after the setbacks from the end-2013 floods and sluggish external demand post global financial crisis. While real GDP contracted by 0.2 percent in 2014, it is estimated to have grown by 1.6 percent in 2015, led by recovering tourism inflows and rebounding construction. Public debt—74 percent of GDP at end-2015—has steadily increased since 2008, owing largely to the impact of the global financial crisis, construction of the new international airport, and rehabilitation spending in response to three back-to-back natural disasters.[...]