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 economic report for February – PDF

Preliminary indications are that the domestic economy exhibited moderated, but slightly positive performance during February, according to the latest Monthly Economic and Financial Development report released by The Central Bank of The Bahamas. However, the regulator warns that travel restrictions related to Covid-19 began to take an accelerated toll in March. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Tuesday, March 31, 2020
Tuesday, March 31, 2020

Preliminary indications are that the domestic economy exhibited moderated, but slightly positive performance during February, according to the latest Monthly Economic and Financial Development report released by The Central Bank of The Bahamas.

Sustained growth in the sea segment contrasted with a reaction in the high value-added air component which contracted, as some capacity remained offline in hurricane-damaged areas.


However, the regulator warns that travel restrictions related to Covid-19 began to take an accelerated toll in March.

Nevertheless, ongoing foreign investment projects provided a stimulus to the construction sector, and to a lesser extent post-hurricane rebuilding works.

Monetary sector developments featured an expansion in bank liquidity, amid a build-up in total deposits and a reduction in domestic credit.

Similarly, during the review month, external reserves registered growth, on account of foreign currency inflows from re-insurance and real sector activities.

Read/download the full report here:

Deputy Prime Minister and Minister of Finance Peter Turnquest has said the Small Business Development Centre (SBDC) has rolled out the government’s $20 million Covid-19 response to provide loans to small businesses.

Alicia Bárcena, executive secretary of the Economic Commission of Latin America and the Caribbean, has issued guidance on the region's economic outlook and response to the coronavirus pandemic. Read extracts from her remarks here.

The Bahamas Investor
Administrative Links
  


  © 2020 ETIENNE DUPUCH JR PUBLICATIONS LTD