The Bahamas : 2017 Article IV Consultation-Press Release; and Staff Report
Author/Editor:
International Monetary Fund. Western Hemisphere Dept.
Publication Date:
October 6, 2017
Electronic Access:
Free Full Text (PDF file size is 2155 KB).Use the free Adobe Acrobat Reader to view this PDF file
Summary:
A prolonged period of stagnation has resulted in declining income relative to neighboring countries, concerns about fiscal sustainability, and a severe household debt overhang problem. Elevated public debt, limited external buffers, and a pegged exchange rate regime, constrain the policy space to respond to shocks. A stronger U.S. economy and the opening of a mega resort are expected to lift real GDP growth to 1¾ percent this year and 2½ percent in 2018, but potential growth remains low, reflecting structural impediments. A new administration—in office since mid-May— has pledged a strong commitment to revive growth and restore fiscal accountability and discipline.
Series:
Country Report No. 17/314
English
Publication Date:
October 6, 2017
ISBN/ISSN:
9781484323090/1934-7685
Stock No:
1BHSEA2017001
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
71
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