Download or read book The Bahamas written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-08-30 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 1999 Article IV Consultation highlights that real GDP growth for The Bahamas accelerated from less than 1 percent a year in 1994–95 to 4 percent in 1996, but slowed somewhat in 1997–98 as construction work on a second phase of tourism projects led to a decline in the number of available hotel rooms and in tourist arrivals. Following the completion of the expansion projects in November–December 1998, tourist arrivals rose sharply in the first quarter of 1999.