November 26, 2022

Caribbean Broadcasting Corporation

The most credible news source in Barbados

Local economy forecast to surpass region’s growth outlook

October 5th, 2022

Barbados’ economy is expected to surpass the region’s growth outlook this year by more than 7%.

That’s according to the World Bank’s latest economic review for Latin America and the Caribbean.

Chief Economist, William Maloney, presented the report during a virtual press conference.

He revealed the local economy is estimated to grow by 10.5% this year and 5% next year, compared to projections for the region which stand at 3% this year and 1.6% for 2023.

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