Survey of Bahamas experts say the worst is coming

Read storyThat country may not have seen the worst of the financial crisis according to a survey of financial professionals in The Bahamas.

A survey of 40 financial service professionals, conducted by The Nassau Guardian and The Bahamas Financial Services Board, asked 13 questions about the state of the nation.

Not everyone answered every question but below are some of the points raised and the responses.

The worst has passed
29 said it hasn't

Government should focus more on financial services
30 said it should

Delayed/Cancelled projects will have a significant impact on the country's supply of foreign money
32 said they will

Difficulties facing Swiss banks will affect confidence in offshore banking
20 said yes, 16 said no

Everyone who responded to a question about local industry said the country would have to make major changes for the financial services sector - the nation's number two money-maker - to remain competitive.

Full Story in The Nassau Guardian here