## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/the-bahamas-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44074)

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## Bibliographic details
- Published: July 13, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498356794.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/the-bahamas-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44074_