Barbados’ economy is still reeling from the effects of the global economic crisis and is not expected to grow until after the end of fiscal 2010, according to the head of an International Monetary Fund mission that recently visited the Caribbean country. Even then, growth would be moderate as the country’s tourism industry is affected by weak consumption growth in the U.S. and U.K., which are its main markets, the mission head added.
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About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
