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Central Bank: Economy expanded modestly in March – PDF

Preliminary economic indicators suggest that the domestic economy continued to expand modestly during the month of March, according to The Central Bank of The Bahamas latest Economic and Financial Developments report. Read the full report here. 

Central Bank of The Bahamas
Wednesday, May 2, 2018
Wednesday, May 2, 2018

Increased holiday-related travel contributed to gains in tourism output, while foreign investment projects buoyed construction sector activity.

Government’s budgetary operations featured a reduction in the fiscal deficit over the first eight months of FY2017/18, led by a decline in capital spending and an increase in tax revenues.

In addition, owing mainly to net foreign currency inflows from real sector activities, both liquidity and external reserves expanded.

Read/download the full report here:

A new partnership with a French airline is set to boost the number of visitors from France. Watch interviews with French tour operators working with The Bahamas here.

GIBC Digital, a global technology firm, has announced that it is opening an office in Freeport, Grand Bahama. Headquartered in New York, the company also has offices in Boston, Stamford, Tampa, London, Hong Kong, and Singapore. The Freeport office will serve as the company's global training headquarters and become the location for its new data and artificial intelligence centre.

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