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The Bahamas: 2017 Article IV Consultation-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

This 2017 Article IV Consultation highlights the continued weak economic activity in The Bahamas in 2016. Hurricane Matthew, which hit The Bahamas in October 2016, significantly impacted tourism activity in 2016 and early 2017. However, completion of the megaresort Baha Mar and posthurricane reconstruction activity gave a boost to job creation: the unemployment rate declined to 9.9 percent in May 2017. Real GDP growth is projected to pick up to 1.75 percent in 2017 and to 2.5 in 2018, driven by a stronger US economy, the phased opening of Baha Mar, and related construction activity. However, medium-term growth would remain low, reflecting significant structural bottlenecks.

Suggested Citation

  • International Monetary Fund, 2017. "The Bahamas: 2017 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2017/314, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2017/314
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    Cited by:

    1. Mohsen Bahmani-Oskooee & Hanafiah Harvey & Amr Hosny, 2019. "Kazakhstan trade with its partners and the role of tenge: an asymmetric analysis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(4), pages 493-513, December.
    2. Maria Elkhdari & Moez Souissi & Mr. Andrew Jewell, 2018. "Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria," IMF Working Papers 2018/124, International Monetary Fund.
    3. Hossain, Sharif M. & Hosoe, Nobuhiro, 2020. "Welfare and equity impacts of cross-border factor mobility in Bangladesh: A general equilibrium analysis," Economic Modelling, Elsevier, vol. 87(C), pages 172-184.
    4. Zauresh Atakhanova, 2021. "Kazakhstan’s oil boom, diversification strategies, and the service sector," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(3), pages 399-409, October.
    5. Noland, Marcus, 2018. "US international economic policy in the Trump administration," MPRA Paper 84435, University Library of Munich, Germany.
    6. Alqahtani Abdullah Saeed S & Ouyang Hongbing & Ali Adam & Saleh Shayem, 2018. "Oil Prices, Domestic Resource Gaps, and Breakeven Oil Prices in the Oil-Exporting Countries," Economics, Sciendo, vol. 6(2), pages 9-26, December.
    7. Marcus Noland, 2018. "US Trade Policy in the Trump Administration," Asian Economic Policy Review, Japan Center for Economic Research, vol. 13(2), pages 262-278, July.
    8. Brocek, Frantisek & Lalinsky, Tibor, 2017. "Welfare in Slovakia and the EU — an alternative to GDP per capita," MPRA Paper 83456, University Library of Munich, Germany.

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