Tourism Recovery To Boost Bahamian Activity In H221, 2022

• The continued global spread of COVID-19 will delay the rebound of tourism activity in the Bahamas, undermining export and private consumption growth and pushing back the economic recovery into H221 and 2022. 
• As a result, Fitch Solutions has revised down its 2021 real GDP forecast to 1.5%, from 3.1% previously, and have revised up its 2022 forecast to 4.8%, from 3.3% previously. 
• Government stimulus and investment growth will also support activity in the quarters ahead, though there are still downside risks to growth posed by the continued spread of the pandemic.

(Source: Fitch Solutions)