The Bahamas: 2017 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, October 6, 2017
Source details
- Canonical URL
- The Bahamas: 2017 Article IV Consultation-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: October 6, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484323090.002
Economic activity and shocks
- Continued weak economic activity in The Bahamas in 2016.
- Hurricane Matthew, which hit The Bahamas in October 2016, significantly impacted tourism activity in 2016 and early 2017.
- Completion of the megaresort Baha Mar and posthurricane reconstruction activity boosted job creation.
Labor market
- Unemployment rate declined to 9.9 percent in May 2017.
Growth projections
- Real GDP growth is projected to pick up to 1.75 percent in 2017.
- Real GDP growth is projected to reach 2.5 in 2018.
- Drivers of the 2017–2018 pickup:
- A stronger US economy.
- The phased opening of Baha Mar.
- Related construction activity.
- Medium-term growth would remain low, reflecting significant structural bottlenecks.
Key thematic coverage (as listed)
- Banking
- Credit
- Financial institutions
- Fiscal consolidation
- Fiscal policy
- Money
- Nonperforming loans
- Public debt
- Revenue administration
Publication and document identifiers (selected)
- Pages: 71
- Volume: 2017
- Issue: 314
- Series: Country Report No. 2017/314
- DOI: https://doi.org/10.5089/9781484323090.002
- Stock No: 1BHSEA2017001
- ISBN: 9781484323090
- ISSN: 1934-7685
International Monetary Fund. The Bahamas: 2017 Article IV Consultation-Press Release; and Staff Report (October 6, 2017).
Content in this bundle
- Country Report