The Bahamas has lost an average 1.8 per cent in GDP growth per year over the five-year period from 2008-2012 due to the recession, a World Bank study has revealed, translating into a cumulative loss of 9 per cent or roughly $630 million.
The report, Latin America and the Caribbean, Success Put to the Test, comparing the pre-crisis and post-crisis growth estimates for the Bahamas for the 2008-2012 period, found that while the former was an average 1.5 per cent growth per year, the latter was a negative -0.3 per cent.
