Recovery optimism tempered among Bahamian firms

Wed, Dec 22nd 2010, 10:00 PM

By ALISON LOWE

Business Reporter

alowe@tribunemedia.net

Businessmen yesterday expressed some optimism that economic conditions and the business environment in the Bahamas will improve in 2011, but recovery tempered by a variety of factors - rising oil prices, government intervention, Bahamian consumer debt levels and the effectiveness of recent economic stimuli in the US.

President of the Bahamas Chamber of Commerce, Khaalis Rolle, said he was "cautiously optimistic" for Bahamian economic prospects next year if conditions improve in the US, but with several caveats.

"I am beginning to see some levelling off, but 2011 is going to be all about recovery. To the extent that the Governme ...

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