Business View Caribbean | January 2020

10 BUSINESS VIEW CARIBBEAN JANUARY 2020 The loan will support the people and the country during the recovery and maintain the momentum of the ongoing reform program external shocks and natural disasters, while bolstering growth and job creation. CDB Staff have estimated the impact of Hurricane Dorian on economic growth in The Bahamas over the short and medium term. Economic growth has been revised downwards from 1.7 per cent to one per cent in 2019 and from 1.8 per cent to 1.5 per cent in 2020. This translates to a total impact on GDP of one percentage point. Economic growth is expected to return to its long-term average of approximately 1.8 per cent by 2021.