Despite a slight contraction in economic activity in the Netherlands Antilles (separate data for St Maarten are not expected until some time in 2011) in the second quarter of 2010, the federation's economy is likely to have staged a weak recovery in 2010. Nevertheless, some weakening in the US and the EU, as their policy stimuli wane, indicates that growth will remain very slow in St Maarten. Tourism is unlikely to stage a significant expansion owing to weak growth in source markets in North America and Europe; this will also continue to deter tourism investment. A return to US-dollar strength (the present currency, the Netherlands Antilles guilder, is fixed to the US dollar, as will be the new currency of Curaçao and St Maarten when it is issued) against the euro and Canadian dollar in 2011-12 will act to undermine tourism slightly. At the domestic level, attempts to tighten the fiscal policy stance, weak real wage growth and unemployment in the tourism sector will limit private consumption growth, undermining overall growth prospects.