The Central Bank of the Bahamas has released its latest report on economic and financial sector developments in The Bahamas.
Reportedly, moderately accelerated domestic credit trends and increased private sector demand show strengthened domestic economic activity during February 2005 as compared to the same month in 2004. The report further indicates that on a cumulative basis, through the first two months of 2005, economic activity also firmed compared to 2004, with continued healthy bank financing for construction.
On the overall outlook for 2005, the review shows growth prospects for the Bahamian economy remaining positive, *”predicated on higher expected inflows from tourism and foreign investments.”*
The monthly reports provide the public with more frequent information on the economic surveillance activities of the regulator. February’s includes charts on monetary and credit statistics and indicators as well as selected international statistics.