Jan 2006 Financial News

Barbados Economic and Financial review: Prospects for 2006

Jan 20, 2006

The economy is forecast to strengthen significantly in 2006 and to realise a real growth rate that exceeds 4 per cent for the third consecutive year.
Indeed, 2006 holds the promise that Barbados will realise economic expansion on a scale that has not been seen in recent memory.

It is expected that the growth and development of the economy will be fuelled by higher output from tourism growth and from every productive sector, the impact of investment on an unprecedented scale, in our tourism, housing and service capacity, and infrastructural activity related to the hosting of the World Cup 2007.

There is also ground to expect a continued improvement in the country's employment situation and the significant strengthening of our balance of payments as a result a strong inflow of private capital. Framing the policy issues

The trajectory along which the economy is growing and the indices of its recent and projected performance suggest that the following constitute the essential issues and matters around which policy initiatives should be concentrated.

The Barbados Advocate
Tuesday, 17th January, 2006
http://www.barbadosadvocate.com/NewViewNewsleft.cfm?Record=24075