Analysis by Region - Emerging Markets - Bahamas

Analysis by Region - Emerging Markets - Bahamas

The Bahamas continues to rebound from the coronavirus pandemic with strong growth of 7.7% expected for 2022. Our forecast reflects a recovery in tourism and foreign direct investment, as well as a 33% jump in exports this year. Unemployment continues to recover after job losses during the pandemic, falling by around 4ppts from 2021 to 14%. While we think the growth outlook will remain positive for 2023 (3.7%) and 2024 (3.2%), our forecast is subject to downside risk relating to geopolitical tensions and international uncertainties, particularly around inflation.