Cover IMF Staff Country Reports
The Bahamas: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
Author:
International Monetary Fund. Western Hemisphere Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 224
Language:
English
Publication Date:
13 Jul 2016
DOI:
https://doi.org/10.5089/9781498356794.002
ISBN:
9781498356794
ISSN:
1934-7685
Pages:
69
Keywords:
ISCR; CR; budget communication; deficit; authority; budget projection; Bahamian authorities; further deficit reduction; goods export; Fiscal consolidation; Value-added tax; Global; Caribbean
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This 2016 Article IV Consultation highlights that economic growth in The Bahamas is estimated to have stalled in 2015, as 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, as well as an end to construction. Inflation was moderate at 1.9 percent on average in 2015. 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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2016: Issue 224