Statement by an IMF mission to Barbados • Business Barbados
Posted by Jonathan in Living in Barbados on March 7th, 2010
Marcello Estevão IMF speaks after latest visit to Barbados:
Barbados has been severely affected by the global economic crisis. In particular, the deep global recession has curbed tourism, affecting related activities such as construction and trade which, in turn, depressed aggregate demand and raised unemployment. As a result, economic activity contracted significantly in 2009 after remaining broadly stagnant in 2008.
via Barbados’ Premier Business & Investment Resource • Business Barbados.
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Tags: business, imf, recession