The Bahamas
Economic outlook remains exposed to downside risks
06-12-2010 10:10 GMT-0000 -Directors of the International Monetary Fund (IMF) have noted that a sharp contraction in domestic activity amidst the global downturn has weakened the fiscal position and banks’ balance sheets. Prudent macroeconomic policies have now laid the foundations of a recovery, but the outlook remains exposed to downside risks. In order to boost economic prospects, Directors encouraged the authorities to build adequate buffers against external shocks and address vulnerabilities in the fiscal domain and in the financial sector.