MEFD November 2019

Published: Monday December 23rd, 2019

Economic indicators suggest that domestic output maintained its upward, albeit modest, trajectory over the review period. In particular, tourism output continued to be supported by activity in the New Providence market, and the Family Islands unaffected by the major storm. Further, construction sector output was bolstered by ongoing foreign investment-led projects and, to a lesser extent, post-hurricane rebuilding. In terms of prices, the domestic inflation rate firmed during the twelve months to September, although slowing from the preceding month. Monetary sector developments featured a buildup in both banking sector liquidity and external reserves, amid accelerated gains in Bahamian dollar deposits and a reduction in domestic credit.

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