The tourism sector has pulled the Barbados along in the first quarter of 2011 resulting in a 3.8 per cent improvement in the country’s economic performance.
In addition, based on the apparent tourism recovery, Central Bank of Barbados Governor Dr DeLisle Worrell believes the tourism sector alone will grow in real terms by three per cent. He, however, predicts that tax revenue from the international business and financial sector will remain depressed.
“On the basis of these and other indicators, overall growth for 2011 of a little more than two per cent remains possible,” he said in a statement today to the media as he outlined the country’s economic performance in the first three months of 2011.
