'Push' financial sector to 25-30 GDP share

Tue, Apr 5th 2011, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

The Bahamian financial services industry could almost double its contribution to per annum gross domestic product (GDP) to 25-30 per cent "if we got it right", a leading attorney told Tribune Business, adding that the sector's employment levels could easily grow 50 per cent to around 6,000-7,000 persons.

Brian Moree QC, senior partner at McKinney, Bancroft & Hughes, told Tribune Business that although the financial services industry had "been treading water" in terms of its GDP contribution for more than 20 years, it could be "pushed" to a new peak level within six-eight years with the correct strategy and determination ...

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