Analysis by Region - Latin America
After the Bahamian economy’s strong rebound in 2023, with real GDP growth reaching 4.4% and unemployment falling to 9.5%, we project that real GDP growth will fall to 2.4% in 2024. We forecast that inflation will continue to fall, driving consumption back up to pre-pandemic levels. The current account deficit is projected to narrow to 6.1% of GDP in 2024.
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