Economy / Barbados
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Macroeconomic Forecast Barbados
April 2006 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Tourism activity declined by 4.5% for the first nine months of 2005. Both cruise ship and long-stay arrivals decreased over the review period, by 19.4% and 2.4% respectively. Despite the lack of stimulus from the tourism sector, economic activity expanded considerably. While the central bank estimates growth of 4.1% in 2005, we remain cautiously sceptical - we hold our growth estimate at 3.5% (with upside risks). After growth of 3.5% in 2006, tourism and activities related to the Cricket World Cup will push growth to 5.0% in 2007.