1945

Economic growth remained solid but slowed in 2007 despite sound macroeconomic management in recent years. Real output grew by 2.8%, compared with a 4.6% increase in 2006. A decline in construction activity and reduced credit expansion partly offset the impetus from improvements in the tourism sector. December-on-December inflation rose to 2.8%, which, though still moderate, surpassed the 2.3% registered in 2006, reflecting higher costs of furniture and household goods and the steep rise in, and pass-through of, international fuel and food prices.

Related Subject(s): Economic and Social Development
Countries: Bahamas
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