CBOB: Economy ‘Subdued’, Jobs Tied To Growth
In its first report since the Department of Statistics (DOS) released gross domestic product (GDP) figures showing three consecutive years of contraction in the economy, The Central Bank of The Bahamas (CBOB) has struck a somber tone, forecasting “only marginal gains” and “subdued domestic economic activity”, even with robust tax collection efforts led by the over-performing value-added tax (VAT).
