Tag Archives: Barbados economy

The Barbados economy grew by 1% for the first nine months of the year compared to the same period in 2010. This news was disappointing considering the original projection of 2% growth at the start of the year. The island’s economic growth is heavily dependent on the tourism sector which showed no noticeable increase in Continue Reading...

In the delivery of the Barbados Budget for 2011, the Minister of Finance and Economic Affairs Chris Sinckler focused on the needs of the international business sector. He highlighted the sector’s role as being one of “critical importance to the economic fortunes of the Barbados economy”. The Minister wants to ensure that Barbados offshore legislation Continue Reading...

The Governor of the Central Bank of Barbados, Dr. DeLisle Worrell, has said that the country is doing better than most given the challenging economic climate. In a recent press conference, he described the economic impact of the global downturn as “the most difficult economic environment we have faced.” He said that the challenges were Continue Reading...

Standard & Poor’s (S&P) has given a positive review of Barbados’ economic performance as it continues to recover from the global recession. The credit rating agency maintained the island’s BBB- investment grade rating in its latest report. S&P said that they felt the economy was recovering after remaining stable through 2010 and posting slight growth Continue Reading...

The Barbados economy grew by 2.8 percent in the first quarter of 2011 according to the Central Bank of Barbados. The economic recovery was led by a strong tourism market with the main U.K. and U.S. markets showing a significant rebound with a 15 percent and 7 percent increase in arrivals respectively.  The U.K. recovery Continue Reading...