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.