Wednesday, June 5, 2019

More ‘upward trajectory’ for Bahamas economy, says Central Bank


NASSAU, BAHAMAS – The Bahamas’ economy is expected to sustain its “upward trajectory” over the near-term, with the majority of gains projected to accrue from improved tourism figures, according to The Central Bank of The Bahamas.

According to the bank’s latest Monthly Economic and Financial Developments (MEFD) report for April, the tourism sector remained buoyant over the review period with sustained gains in both the high value-added air arrivals and cruise visitors.

The most recent data from the Ministry of Tourism showed that total visitor arrivals advanced by 5.9 percent in March, outpacing the 3.6 percent gains recorded in the same month the previous year.  Read more >>