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Central Bank releases latest economic review – PDF

Preliminary indicators suggest that the economy’s modest growth rate was sustained over the review period, buoyed by gains in tourism sector metrics and positive impulses from foreign investment-led construction activity, according to The Central Bank of The Bahamas' Economic and Financial Developments review for August published this week. 

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TheBahamasInvestor.com
Thursday, October 4, 2018
Thursday, October 4, 2018

Preliminary indicators suggest that the economy’s modest growth rate was sustained over the review period, buoyed by gains in tourism sector metrics and positive impulses from foreign investment-led construction activity, according to The Central Bank of The Bahamas’ Economic and Financial Developments review for August published this week.

In terms of prices, the pass-through effects of elevated international oil prices contributed to an uptick in domestic energy costs during the month.


Monetary developments featured a contraction in liquidity, reflecting an increase in commercial bank lending to the government, as well as a falloff in domestic deposits. In addition, external reserves contracted, due to a rise in foreign currency demand to facilitate public and private sector transactions.

Read/download the full report here:

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Caribbean Tourism Organization (CTO) board of directors gathered, October 2, in the lead up to opening ceremonies for 2018 State of Tourism Industry Conference at Atlantis Paradise Island being held this week.

As Grand Bahama has been declared the technology hub of the country, the island is now gearing up to host the 2nd Grand Bahama Technology Summit November 14-16, 2018 at the Grand Lucayan Resort.

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