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CFAL Local Economic Update | Q3 2018

14 November, 2018

The International Monetary Fund (IMF) in its 2019 World Economic Outlook revised the economic growth estimate for the Bahamas for 2018 from 2.50% to 2.30%. This slight decline was attributed to the escalation of international trade tensions amongst the United States, the European Union, Canada and China, along with higher oil prices, which have stifled world economic growth.