Tuesday, April 16, 2024

Tourism in for ‘rough time’

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The recovery of Caribbean tourism could be delayed if the global economic slowdown that some experts are predicting occurs in 2023.

Dodridge Miller, president and chief executive officer of Sagicor Financial Company Ltd. Group, said in spite of the company’s third quarter earnings, said there was also evidence of volatility in the financial market.

“We continue to see asset price volatility and are mindful that an economic slowdown may occur globally as central banks constrain their economies to fight inflation. This may offset an improving outlook for tourism, particularly in the Caribbean, which is very dependent on the tourism outcome,” the Barbadian business executive told analysts.

He was speaking during the group’s recent third-quarter 2022 earnings conference call. (Nation News)

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