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Abstract

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We retain our forecast that real GDP growth in Barbados will slow from an estimated 6.3% in 2023 to 3.1% and 1.8% in 2024 and 2025. Slowing inflation, alongside a continued recovery in the tourism sector, will provide tailwinds to private consumption in 2024. However, a high statistical base, coupled with easing tourist arrivals and ongoing fiscal consolidation measures, will slow growth in 2025.

Details

1007133
Subject
Statistical data;
Industrywide conditions;
Political risk;
Industry analysis;
Market analysis;
Business forecasts
Business indexing term
Location
Caribbean; Netherlands Antilles; Martinique; Guadeloupe; Latin America; Caribbean area; Netherlands
Title
Latin America Monitor - Caribbean - 2025-03-01
Publication title
Fitch Solutions Country Industry Reports; London
First page
1
Publication year
2025
Publication date
Mar 6, 2025
Publisher
Fitch Solutions Group Limited
Place of publication
London
Country of publication
United Arab Emirates
Publication subject
Business And Economics
Source type
Report
Language of publication
English
Document type
Industry Report
Document feature
Industry risk; Industry financials
ProQuest document ID
3163756207
Document URL
https://www.proquest.com/reports/latin-america-monitor-caribbean-2025-03-01/docview/3163756207/se-2?accountid=208611
Copyright
Copyright 2025 Business Monitor International. All rights reserved
Last updated
2025-03-06
Database
2 databases
  • ProQuest One Academic
  • ProQuest One Academic