Advisory Youth Council of the Bahamas statement on the economy

Mon, Jul 18th 2011, 11:04 AM

Nassau, Bahamas - The economy of the Bahamas is showing significant indications that an economic recovery is strengthening, after a colossal affect of an economic recession. In the year 2008 the Bahamas tourism industry suffered a catastrophic decline as a result of a global economic crisis, which led to a rise in unemployment and business foreclosure .The economic condition began to deteriorate, weakening the banking institution as a consequence. The Bahamas has maintained formidable levels of income per capita 21,529.00(US$), which is produce by its tourism sector and its financial services institutions...

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