Christmas Message: Chairman of BPSA Mr James Clarke

The Barbados Private Sector Association extends warm Season’s Greetings to all at this festive time of the year.

For the BPSA, 2025 unfolded against a challenging global backdrop. Slower global economic growth, shaped in part by renewed tariff tensions and ongoing trade disruptions, has had a measurable impact on businesses and on the wider economy. In particular, the application of tariffs on certain Barbadian exports to the United States constrained export performance and contributed to an expansion of the trade deficit.