Posted on April 27, 2022
Governor of the Central Bank of Barbados Cleviston Haynes. (GP)
Barbados’ economy has continued its climb out of recession, growing by 11.8 per cent between January and March mainly because of a big rebound in tourism.
Central Bank Governor Cleviston Haynes, who reported this today in his first quarter press conference at the Courtney Blackman Grande Salle, also said economic growth was also expected to be in double digits for all of 2022, even though the International Monetary Fund downgraded its global growth forecast.
Haynes is, however, most concerned about elevated global uncertainty, especially the war in Ukraine, and its potential fallout for tourism, and the conflict’s continued negative influence on food and fuel prices.
“The positive signs of a robust economic recovery as witnessed during the last…