The Governor of the Central Bank of Barbados (CBB), Cleviston Haynes, January 30, 2019 told the government of Barbados, that it must seek to build on the progress in restoring macroeconomic stability and engendering confidence in Barbados, in 2019.
While delivering the review of the Barbados economic performance for 2018, Mr. Haynes said that over the past decade, the average rate of growth was minus point 7 per cent.
He told reporters, that revitalizing growth – is therefore critical but the forecast for 2019 is for growth to be flat.
Tourism is expected to perform favorably due to an anticipated expansion of airlift, special events like the English cricket tour and an increase in ships docking at the port.
He said this activity will be supported by the thrust towards Barbados emerging as a hub for medical education.