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Bahamas maintains modest economic growth – PDF

Preliminary economic indicators suggest that the modest growth in the Bahamian economy persisted during the latter part of last year, supported by gains in tourism sector output, while foreign investment projects continued to provide the impetus for construction sector activity, according to The Central Bank of The Bahamas. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Friday, January 4, 2019
Friday, January 4, 2019

Preliminary economic indicators suggest that the modest growth in the Bahamian economy persisted during November, supported by gains in tourism sector output, while foreign investment projects continued to provide the impetus for construction sector activity, according to the latest economic report produced by The Central Bank of The Bahamas.


In the monetary sector, liquidity narrowed, as the growth in domestic credit overshadowed gains in deposits, while external reserves contracted, reflecting the traditional increase in foreign currency demand during the latter half of the year.

Read/download the full report here:

The Central Bank of The Bahamas has announced a 60-day consultation period following the release of a discussion paper on Implementing Basel III: Liquidity Coverage Ratio and Net Stable Funding Ratio in The Bahamas. The consultation period will run until February 28, 2019.

The Bahamas won several awards last year for its tourism products including a World Travel Award for the Best Destination Wedding location. Watch an interview with director of romance at the Ministry of Tourism Freda Malcolm here.

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