The Bahamas: 2018 Article IV Consultation-Press Release and Staff Report
May 14, 2018
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This 2018 Article IV Consultation highlights that The Bahamas’ real GDP is estimated to have expanded by 1.3 percent in 2017. Economic activity has been supported by the completion of Baha Mar, new foreign direct investment-financed projects, and post-hurricane reconstruction activity. However, air tourist arrivals declined 4 percent in 2017, reflecting the impact of Hurricane Matthew on hotel infrastructure in the Grand Bahama Island. Real GDP growth is projected at 2.5 percent in 2018 and 2.25 percent in 2019 on the back of stronger growth in the United States; the phased opening of Baha Mar; and a pickup in foreign direct investment. Medium-term growth is projected to remain at 1.5 percent, reflecting significant structural impediments.
Subject: Banking, Commercial banks, Credit, Environment, Financial institutions, Money, Natural disasters, Public debt, Revenue administration
Keywords: Caribbean, cart AC, central bank, central government, Commercial banks, consumer price index, CR, Credit, debt ratio, deficit, financial asset, GDP, Global, ISCR, Natural disasters, nominal GDP, private sector, provision to the fund, public debt debt ratio
Pages:
68
Volume:
2018
DOI:
Issue:
118
Series:
Country Report No. 2018/118
Stock No:
1BHSEA2018001
ISBN:
9781484355084
ISSN:
1934-7685
