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Latin American Economy & Business - August 2015 (ISSN 1741-7430)
Bahamas: Two wildcards – one negative, one positive
The latest (June 2015) monthly economic and financial report from the Central Bank of the Bahamas (CBB) indicates that overall economic growth is likely to remain sluggish. In subsequent weeks, two wildcards have emerged. One – negative (if temporary) – is the filing for Chapter 11 bankruptcy in Delaware by the developer of the US$3.5bn Baha Mar resort, and associated litigation. The other – positive – is the slump in the price of oil to a little over US$40/barrel.
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