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Central Bank releases Q4 review – PDF

The Central Bank of The Bahamas has released its Quarterly Economic Review for the fourth quarter of 2017. Indications are that the domestic economy maintained its mildly positive growth path, supported by an improvement in the tourism sector. Read or download the PDF here. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Wednesday, March 14, 2018
Wednesday, March 14, 2018

The Central Bank of The Bahamas has released its Quarterly Economic Review for the fourth quarter of 2017. Indications are that the domestic economy maintained its mildly positive growth path, supported by an improvement in the tourism sector.

The domestic economy’s mildly positive growth trajectory was sustained during the fourth quarter of 2017. Tourism output increased, given the relatively mild impact of hurricanes on the domestic hotel sector, compared to a more significant retrenchment after the passage of Hurricane Mathew in 2016.


Favourable momentum was also provided from the increase in room capacity from the ratcheting-up of operations at the multi-billion dollar Baha Mar resort.

In addition, foreign investment-related activity, and to a lesser extent ongoing post-hurricane rebuilding work, provided impetus to the construction sector. As a consequence, labour market conditions continued to gradually improve.

Read/download the full review here:

The government of The Bahamas has issued a statement regarding the Organization for Economic Co-operation and Development’s (OECD) blacklisting of the jurisdiction. Read the government's statement in response here.

The Bahamas Information Services (BIS) has released the first copy of its BIS Weekly, a regular news re-cap of events and activities of the government of The Bahamas. Read or download the PDF here.

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