BRIDGETOWN, Barbados, Apr 30, CMC – Barbados maintained its economic growth momentum in the first quarter of this year, with real gross domestic product (GDP) increasing by an estimated 2.6 per cent,, the Governor of the Central Bank of Barbados (CBB), Dr. Kevin Greenidge, said Wednesday.
In a review of the island’s econmic performance in the first quarter of 2025, the Central Bank Governor said that thecurtrtent economic situation was led by strong performances in tourism, business services and construction.
He said inflation continued its downward trend despite elevated global trade tensions. “Unemployment claims fell during January and February, but temporary hotel closures in March, linked to major renovation projects, reversed this gain. Economic growth, together with stronger fiscal outcomes for financial year 2024/25, contributed to a further reduction in the debt-to-GDP ratio,” Greenidge told reporters.
(Details in Business section)
CMC/2025