Enduring climate-related threats that continue to bedevil CARICOM member states, Barbados would appear to have had little, if any, negative impact on its assessment of the likely fortunes of its economy, going forward. Once again, this year, the country’s Central Bank is placing its faith in Barbados’ internationally renowned tourism sector to help the country’s economy retain a resilience which it has traditionally shown. The prognosis for the country’s economy this year, the Central Bank assessment says, is “cautiously optimistic”, the economy having “successfully weathered challenges posed by the global pandemic” and “recovered to be larger than its pre-COVID size in both nominal and real terms.”
