BARBADOS’ ECONOMY may look up this year with expected growth in exports of goods and services, a drop in inflation, and the presence of Simpson Oil Limited (Sol) in all Caribbean markets following its recent expansion into the Cayman Islands.
A just-released report from the Texas-based Global News Matters, through its bi-monthly issue of Market Dynamics Caribbean, echoed International Monetary Fund (IMF) predictions that Barbados’ goods and services exports would return to growth in 2014 and expand by three per cent yearly.
Global News Matters, which provides cross-country insight on financial services, manufacturing, public utilities and energy in over 30 Caribbean countries, also stated that the Washington-based IMF was satisfied with Barbados’ attempts so far to stabilise the economy.
“The fund has expressed satisfaction with the progress that Barbados is making in its fiscal consolidation strategy.
