Barbados central bank forecasts sluggish economic growth...... is expected to accelerate slowly from less than one per cent in 2014 to about 1.6 in 2015 increasing up to three per cent thereafter.

 

In an analysis of Barbados’ current economic performance, the CBB said that its forecast is based principally on expectations for the tourism sector and on major investment projects planned by the private sector and the government.

BRIDGETOWN, Barbados, Thursday January 16, 2014, CMC – The Central Bank of Barbados (CBB) Tuesday predicted that the island’s economic growth is expected to accelerate slowly from less than one per cent in 2014 to about 1.6 in 2015 increasing up to three per cent thereafter.

In an analysis of Barbados’ current economic performance, the CBB said that its forecast is based principally on expectations for the tourism sector and on major investment projects planned by the private sector and the government.

It said the forecast also took into account the strategies for strengthening the competitiveness of the foreign exchange sectors, and the potential growth of alternative energy production. more: