Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
Central Bank releases monthly economic report

Developments within the domestic economy remained largely positive during the review period of May 2018, as tourism indicators continued to trend upwards, while foreign investment projects supported construction-related activity, according to the latest report from The Central Bank of The Bahamas. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Wednesday, July 4, 2018
Wednesday, July 4, 2018

Developments within the domestic economy remained largely positive during the review period of May 2018, as tourism indicators continued to trend upwards, while foreign investment projects supported construction-related activity.

Reflecting the increase in global oil prices, domestic energy costs rose during the period, while on the fiscal front, the cumulative deficit contracted over the ten months of FY2017/2018, due to a decline in capital expenditure and an increase in revenue.


In monetary developments, broad liquidity expanded, owing to increased short-term financing to the Government; however, external reserves contracted, attributed in part to the seasonal uptick in foreign currency demand during the holiday period, combined with public sector net foreign currency debt payments.

Read/download the full report here:

Source: Central Bank of The Bahamas.

Officials from The Bahamas will meet with representatives from other member states of the Caribbean Community at the 39th Regular Meeting of the Conference of Heads of Government of the Caribbean Community, July 4-6, 2018 in Montego Bay, Jamaica.

The Bahamas Prime Minister is among those attending the 39th Regular Meeting of the Conference of Heads of Government of the Caribbean Community officially opened July 4, in Montego Bay, Jamaica.

The Bahamas Investor
Administrative Links
  


  © 2018 ETIENNE DUPUCH JR PUBLICATIONS LTD