Barbados’ economy has grown for the ninth consecutive quarter, expanding by 3.9 per cent in the first six months of the year.
However, Central Bank Governor Dr Kevin Greenidge stressed that in order for the country’s economic fortunes to continue improving, there is need for a major injection of investment, especially from the private sector.
He also said the economy is expected to grow by between four and five per cent overall this year, with a boost expected in the coming months from the return of a full Crop Over Festival itinerary and the anticipated opening of the Wyndham Sam Lord’s Hotel.
The Governor was speaking at the Courtney Blackman Grande Salle yesterday while delivering the bank’s latest economic review.
“Higher output of goods and services in the first six months of 2023 permeated the economy, bolstering other related economic fundamentals. Economic activity expanded by 3.9 per cent, representing the ninth consecutive quarter of economic expansion. . . (SC)