Macroeconomic Forecast Barbados

June 2008 | Macroeconomic Forecasts

BMI View: We see the Barbados economy slowing this year and next and have pencilled in real GDP growth rates of 3.3% and 2.9% accordingly. The country's services sector (particularly tourism) will be hit by a consumer-led US slowdown. Meanwhile, consumer and business confidence is also likely to be hit by rising inflationary pressures. Should global agricultural and energy prices continue to rise, the risks to our forecasts would remain firmly weighted to the downside.

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