Barbados' economy records another year of growth

Governor projects three per cent annual growth - Barbados Today

The economy is set for a significant boost, with the Central Bank of Barbados forecasting an annual average increase in real GDP of three per cent in the short to medium term.  Governor Dr Kevin Greenidge unveiled this optimistic outlook during his 2024 economic review, highlighting key sectors poised for growth and potential challenges ahead. He also cautioned that this projection hinges on continued investment by both private and public sector…

Barbados' economy records another year of growth

The Barbados economy recorded 4% growth in 2024.Governor of the Central Bank of Barbados, Dr. Kevin Greenidge notes this is the third consecutive year of growth, and the 14th quarter of economic growth on a stretch for the country.He was speaking at a Central Bank news conference to review the country’s economic performance for 2024.Additionally, Dr. Greenidge says reserve rates reached a record high of 3.2 billion dollars with a 184% increase o…