2024 forecasts a 3.8% economic growth in Barbados driven by tourism and construction.

The Central Bank of Barbados forecasts a 3.8% economic growth for 2024, following a 3.9% increase in the first nine months, driven by tourism and construction. Despite global uncertainties and Hurricane Beryl's impact, strong tax revenues have allowed for increased public investments. While the economy displays resilience, potential risks include global slowdowns and climate-related challenges. The debt-to-GDP ratio has improved to 105.6%.

October 30, 2024
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