The Bahamas : 2017 Article IV Consultation-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

October 6, 2017

Electronic Access:

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Summary:

A prolonged period of stagnation has resulted in declining income relative to neighboring countries, concerns about fiscal sustainability, and a severe household debt overhang problem. Elevated public debt, limited external buffers, and a pegged exchange rate regime, constrain the policy space to respond to shocks. A stronger U.S. economy and the opening of a mega resort are expected to lift real GDP growth to 1¾ percent this year and 2½ percent in 2018, but potential growth remains low, reflecting structural impediments. A new administration—in office since mid-May— has pledged a strong commitment to revive growth and restore fiscal accountability and discipline.

Series:

Country Report No. 17/314

Subject:

English

Publication Date:

October 6, 2017

ISBN/ISSN:

9781484323090/1934-7685

Stock No:

1BHSEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

71

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