ECLAC predicts Bahamas GDP growth of 2.2% in 2019

Fri, Aug 2nd 2019, 08:31 AM

The Economic Commission for Latin America and the Caribbean’s (ECLAC) outlook for The Bahamas’ gross domestic product growth is ahead of most predictions at 2.2 percent for 2019, though the ECLAC’s Economic Survey of Latin America and the Caribbean reports an impending decline in economic growth for the region generally this year.

The ECLAC report explains that uncertainty, complexity and weak performance by investments, exports and consumption are threatening growth in the region.

The International Monetary Fund (IMF) has pegged The Bahamas’ GDP growth at 1.8 percent for 2019 and lower into 2020.

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