The Bahamas: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas

Summary: Context. Economic activity has stalled and near-term prospects are tempered by uncertainty over opening of the Baha Mar resort. Smooth implementation of the new VAT regime has contributed to fiscal consolidation, while lower energy prices and the winding down of Baha Mar’s construction have helped narrow the still sizeable current account deficit. Nevertheless, fiscal and external vulnerabilities persist and mounting structural impediments constrain potential growth.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.