Barbados’ troubling economy and Government’s last Budget have a number of corporate players and investors concerned.
Some 90 per cent of those quizzed by real estate firm Terra Caribbean were “not confident the economy is on the right track”, while 92 per cent had a “negative view on the recent Budget”. Also, 88 per cent were “either very or somewhat concerned about devaluation” of the Barbados dollar.
In the Terra Caribbean Investor Attitudes Survey 2017 findings, it was also revealed that 56 per cent of those responding to the survey had a negative view of the current real estate market. Only seven per cent were positive, with the remaining 37 per cent holding a “neutral” view.
Twenty-five per cent said the outlook for the next three years “will improve”, 32 per cent expected it “will decline”, 25 per cent said it would “stay the same” and 18 per cent were “not sure”. (SC)
Please read the full story in today’s Daily Nation, or in the eNATION edition.
