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Macro Poverty Outlook for Bahamas, The : April 2024 (Inglés)

In 2023, the economy expanded by 4.3 percent, largely driven by a strong recovery in tourism. Fiscal and current account deficits narrowed significantly; the unemployment rate declined but remains high among young people. The Bahamas made significant progress in strengthening its AML/CFT framework. However, high public debt, global uncertainty, and vulnerability to natural disasters pose challenges for growth and poverty reduction.
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