Central Bank governor reports slower growth in Bahamas economy for 2024

Governor of the Central Bank of the Bahamas, John Rolle, says the local economy continued to expand over the first three quarters of 2024; however, the available indicators of growth slowed in comparison to 2023.

Speaking Monday at a news conference where he presented the "Monthly Economic and Financial Developments for September 2024, Mr Rolle said the trends are further in line with the expected leveling off in gains since the economy completed its recovery from the pandemic.

He told reporters that the indicators reflect slower growth in tourism earnings, due to constrained capacity in the stopover segment and moderation in the otherwise healthy cruise trends.