SENIOR BANKER Ian De Souza has once again expressed optimism about Barbados’ economy.
He said available trends and data are pointing to “some turnaround” heading into 2016.
And he believes the key to this is the continued recovery of the international economy led by the United States and United Kingdom and a resurgence in villa and condominium sales. He was speaking today during the Big Ideas Forum hosted by the Cave Hill School of Business.
De Souza, Republic Bank (Barbados) Limited’s managing director and chief executive officer, said the unique economic “intersection” Barbados had, where foreign nationals purchased luxury villas and effectively became annual stay over visitors, stimulating other economic activity in the process, was a plus for Barbados.
He also said the entry of Sandals would be a major plus for Barbados since “that gives us a plug into the US market.
“So when you add all of these things together there is a suggestion that Barbados could in fact by late 2015, [going into] 2016, 2017 could be experiencing some turnaround.”(SC)
