The Bahamas

The Bahamian economy has turned the corner. Growth is expected to pick up to 2½ percent in 2018, supported by the completion and opening of the tourist resort Baha Mar and a stronger U.S. economy. But without resolute implementation of structural reforms, medium-term growth would remain subdued. Public debt ratios have improved due to upward revisions to GDP, but fiscal deficits remain above debt-stabilizing levels. Prime Minister Minnis’ administration has committed to tackling fiscal and structural challenges as central tenets of its agenda.