Central Bank 2021 Half Year Review – Hard Road to Recovery
The Governor of the Central Bank reported two consecutive quarters of growth although it must be stated Barbados economy performed below pre COVID 19 GDP levels – 3.2% to be exact. There was an increase in activity in the tourism sector even as COVID 19 continues to run rampant in the country. The thousands of workers serving the hospitality industry must be happy. The cold reality however is that the economy shrunk 18% in 2020 therefore any mention of the word GROWTH in 2021 must be translated in context.
There is a long, hard road to travel.