Straughn defends growth forecast

Minister in the Ministry of Finance Ryan Straughn is defending this country’s internal forecasted growth for this year, following a just released report by the World Bank, which lowered the projection by 1.3 percentage points.

The World Bank is forecasting economic growth of 3.7 per cent for Barbados this year, down from the 4.4 per cent expansion achieved in 2023 and the 4.1 per cent growth reported by the Barbados Central Bank for the first quarter of this year. It also represents...