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MEFD April 2018

Published: Monday June 4th, 2018


Indications are that the modest growth in the Bahamian economy was sustained during the month of April, benefitting from an improvement in tourism output, while varied-scale foreign investment projects continued to support construction activity. Inflationary pressures were well contained over the review period; although domestic energy costs trended upwards, due to the ongoing supply-led gains in global oil prices. The fiscal deficit narrowed over the nine months of FY2017/18, mainly reflecting a decline in capital outlays and an increase in tax revenue. Monetary sector developments featured growth in deposits—fueled by net foreign currency inflows from real sector activities––in contrast to a reduction domestic credit, with both liquidity and external reserves correspondingly boosted.

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