Downgrading Our Economic Forecasts

July 2008 | Economic Analysis

BMI View: As a result of high international commodity prices and slower global growth, Barbados is suffering from classic small island syndrome. Economic data for H108 disappointed, and things are unlikely to improve significantly in the H208. As such, we have downgraded several of our key macroeconomic assumptions and warn that the island's economy could struggle to keep its head above water should tourism receipts start to dry up.

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