3.5% growth expected

From five percent down to 3.5 per cent.

That is how Government’s growth expectations have shifted between its second and third Barbados Economic Recovery and Transformation (BERT) plans – BERT 2022 and BERT 2026.

Under BERT 2022, Government had said that the economy was “expected to show a strong recovery in 2022 of around ten per cent, predicated on a rebound in tourism and a suit of large private and public sector construction projects”.

“Annual growth is expected to average...