Category: The Bahamas

Bahamas’ Growth Projection Slashed by IMF


Once a strong grower in the Caribbean, the International Monetary Fund (IMF) has slashed the Bahamas’ 2016 growth forecast by 0.7 percentage points, dropping it to just 1.5 percent. The IMF has also projected Bahamian growth to barely reach one percent in 2015—a steep drop from an earlier estimate of 2.3 percent. 

The Bahamas Economy


The Bahamas economy is in stable state and is developing with time. The Bahamas economy is mainly depended on tourism industry and offshore banking. Tourism accounts for more than 60 percent of GDP of Bahamas economy.