Barbados’ economy is faced with numerous macroeconomic challenges. During the period 2009 to 2013, the economy cumulatively contracted by 0.5 percent. This economic reduction is estimated by the IMF to continue for this year due partly to declining competitiveness especially in the tourism sector. This makes Barbados the only CARICOM country with negative growth for 2014. The … [Read more...] about Macroeconomic Challenges for Barbados
