Monthly Economic and Financial Developments (MEFD) March 2025
Published: Monday April 28th, 2025
Preliminary indications are that the domestic economy grew at a tempered pace in March, as compared to the same period in 2024, as economic indicators continued to normalize closer to their medium-term potential. Tourism inflows moderated, owning to the capacity constraints in the stopover sector; albeit, cruise output continued to expand at a healthy pace. In price developments, average retail price inflation for The Bahamas, moderated in the 12 months to February 2025, reflective of decreased cost pressures from import fuel and other goods and services. Monetary trends for March revealed a buildup in banking sector liquidity, as growth in the deposit base contrasted with the decline in domestic credit. Likewise, external reserves increased, attributed to a rise in net foreign currency inflows through the private sector, and a moderation in net outflows via the public sector.
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