The Bahamas: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
IMF Staff Country Reports, July 13, 2016
Source details
- Canonical URL
- The Bahamas: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
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Bibliographic details
- Published: July 13, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498356794.002
Key findings on 2015 economic performance
- Economic growth in The Bahamas is estimated to have stalled in 2015.
- A modest increase in air tourism arrivals was not sufficient to offset:
- a contraction in domestic demand, and
- weak exports of goods.
- Private consumption and investment were weighed down by:
- headwinds from fiscal consolidation, and
- an end to construction.
- Inflation was moderate at 1.9 percent on average in 2015.
2016 outlook and projections
- Growth is expected to strengthen to about 0.5 percent in 2016, supported by:
- continued growth in air tourist arrivals, and
- moderating headwinds to private consumption and investment.
Thematic coverage (subjects and keywords)
- Subjects: Banking, Fiscal consolidation, Fiscal policy, Public debt, Revenue administration, Taxes, Value-added tax
- Keywords: authority, Bahamian authorities, budget communication, budget projection, Caribbean, CR, deficit, Fiscal consolidation, further deficit reduction, Global, goods export, ISCR, Value-added tax