Sluggish Rebound In Bahamas As Continued Spread Of COVID-19 Restrains Tourism Activity

• Economic activity will remain weak in H1 2021 as the global spread of COVID-19 keeps the Bahamian tourism sector effectively closed.
• However, Fitch Solutions expects H2 2021 will see a strong rebound as the widespread availability of vaccines and strong fiscal stimulus in key source markets catalyzes travel demand.
• It has revised up its 2021 real GDP forecast to 2.6% y-o-y, from 1.2% previously, as the widespread availability of vaccines in key tourism source markets will take place sooner than previously anticipated.

(Source: Fitch Solutions)