Barbados' Economy Poised For Additional Growth In 2022

A "strong, though partial recovery" is on the cards for the Barbados economy during the first quarter of 2022.

This comes on the heels of the country's economy recording growth of 1.4% in 2021, with international reserves at a healthy BDS$3.06 billion – equating to 40 weeks of import cover. Also of note, is that Barbados' credit rating remained stable during the pandemic.

This positive news was revealed by the Governor of the Central Bank of Barbados, Cleviston Haynes, who recently delivered the bank's review of the nation's economic performance for 2021.

"The bank is optimistic that a robust economic recovery will start in 2022. We have a very strong reserve buffer and we have a stable and liquid financial system to support this recovery."