{
  "title": "The Bahamas: 2017 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, October 6, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/10/06/the-bahamas-2017-article-iv-consultation-press-release-and-staff-report-45310",
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  "summary": "This 2017 Article IV Consultation highlights the 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.",
  "publishDate": "2017-10-06",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Economic activity and shocks",
      "content": "- Continued weak economic activity in The Bahamas in 2016.\n- Hurricane Matthew, which hit The Bahamas in October 2016, significantly impacted tourism activity in 2016 and early 2017.\n- Completion of the megaresort Baha Mar and posthurricane reconstruction activity boosted job creation."
    },
    {
      "heading": "Labor market",
      "content": "- Unemployment rate declined to 9.9 percent in May 2017."
    },
    {
      "heading": "Growth projections",
      "content": "- Real GDP growth is projected to pick up to 1.75 percent in 2017.\n- Real GDP growth is projected to reach 2.5 in 2018.\n- Drivers of the 2017–2018 pickup:\n  - A stronger US economy.\n  - The phased opening of Baha Mar.\n  - Related construction activity.\n- Medium-term growth would remain low, reflecting significant structural bottlenecks."
    },
    {
      "heading": "Key thematic coverage (as listed)",
      "content": "- Banking\n- Credit\n- Financial institutions\n- Fiscal consolidation\n- Fiscal policy\n- Money\n- Nonperforming loans\n- Public debt\n- Revenue administration"
    },
    {
      "heading": "Publication and document identifiers (selected)",
      "content": "- Pages: 71\n- Volume: 2017\n- Issue: 314\n- Series: Country Report No. 2017/314\n- DOI: https://doi.org/10.5089/9781484323090.002\n- Stock No: 1BHSEA2017001\n- ISBN: 9781484323090\n- ISSN: 1934-7685\n\nInternational Monetary Fund. The Bahamas: 2017 Article IV Consultation-Press Release; and Staff Report (October 6, 2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/10/06/the-bahamas-2017-article-iv-consultation-press-release-and-staff-report-45310"
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    "Published: October 6, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484323090.002",
    "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.",
    "Unemployment rate declined to 9.9 percent in May 2017.",
    "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:",
    "Medium-term growth would remain low, reflecting significant structural bottlenecks.",
    "Banking",
    "Credit",
    "Financial institutions",
    "Fiscal consolidation",
    "Fiscal policy",
    "Money",
    "Nonperforming loans",
    "Public debt",
    "Revenue administration",
    "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",
    "**Country Report**"
  ],
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