Central Bank of The Bahamas - Annual Report 2005

According to the Central Bank of The Bahamas's Annual Report 2005, preliminary indications are that, despite the rise in global oil prices and devastating hurricanes, the growth momentum of the Bahamian economy was sustained during 2005.

The economy was buoyed by robust levels of foreign investment, strong consumer spending and construction activity. Tourism output was also positive, underpinned by the strengthening in the US economy and gains in room revenues. Although firming, the overall price

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