Taloudessa tapahtui sekä negatiivisia että positiivisia muutoksia vuonna 2021

Although the Barbados economy faced another uphill battle in 2021 due to the COVID-19 pandemic, there was some measure of recovery, as evident by two consecutive quarters of economic growth between April and September.

While foreign exchange reserves grew and government revenues started to show signs of rebounding, expenditure continued to rise, as did the country’s debt stock at the start of the year.

After a prior year of turbulence, the island’s bread and butter tourism sector started to recover, which became even more apparent during the second and third quarters of 2021, due to increased access to COVID-19 vaccines in key source markets and the gradual easing of travel restrictions.

For the first three months of this year, the Barbados economy recorded a staggering 19.8 per cent decline. The gross international reserves decreased by $86 million during the first quarter to…

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