Quarterly Economic Review shows a reduction in deficit and mild recovery in the domestic banking sector during Q3, with banks’ overall profitability improving by 4.3 per cent.

Speaking at the 21st annual Bahamas Business Outlook conference yesterday, Minister of State for Finance Zhivargo Laing said he expects the economy to grow 2.5 to 2.8 per cent this year. He also pledged that the government would attempt to curb spending.