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Healthy Economic Recovery for First Quarter
NASSAU, BAHAMAS – The Bahamian economy continued to expand at a healthy pace in the first quarter of 2023; that revelation from the Central Bank’s Monthly Economic and Financial Developments preliminary indications.
NASSAU, BAHAMAS – The Bahamian economy continued to expand at a healthy pace in the first quarter of 2023; that revelation from the Central Bank’s Monthly Economic and Financial Developments preliminary indications.
Climbing tourism numbers, and foreign direct investments in real estate and tourism developments, some key factors adding to the economic growth for the first quarter of the year.
Central Bank Governor John Rolle says tourism’s recovery can be attributed to pent up travel demand.
As it relates to bank lending, he says the latest lending condition survey suggests that the volume of requests for loans has increased.
The Central Bank expects that growth in the economy will moderate closer to four percent in 2023, after regaining about 14.4 percent in 2022.
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