NASSAU, BAHAMAS – Central Bank Governor John Rolle stated that the country’s growth forecast for 2024 is likely to be closer to the lower end of the 2 percent range. He indicated that the upside potential depends on how effectively the country can optimize performance in the tourism sector.
Governor Rolle made these remarks during a press conference to reveal the regulator’s Monthly Economic and Financial Developments Report for May.
Provisional data suggests that the domestic economy sustained its growth momentum in May, although at a more moderate pace.
Tourism output remained strong, bolstered by robust gains in both the high-value air segment and the sea component, as demand for travel from key source markets persisted.
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