MEFD February 2017
Published: Monday April 3rd, 2017
Overview
Domestic economic conditions remained subdued during the month of February, reflecting the ongoing softness in tourism activity; however, construction sector output continued to be supported by a number of varied-scale foreign investment projects—including the multi-billion dollar Baha Mar development. Indications are that inflationary pressures stayed well contained, although the slight rise in global oil prices resulted in an uptick in domestic energy costs. In the monetary sector, both bank liquidity and external reserves contracted mildly over the review period.
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