The Barbados Economy In Review – First Quarter 2010

Barbados’ tourism held its own in the first quarter of 2010, and the country’s foreign exchange reserves held steady, if we set aside capital inflows and debt servicing. Foreign reserves are currently enough to cover about 20 weeks of imports. Overall gross domestic product declined very slightly, by less than one percent, and there was […]

By Peter N. Boos

April 20, 2010

Barbados’ tourism held its own in the first quarter of 2010, and the country’s foreign exchange reserves held steady, if we set aside capital inflows and debt servicing. Foreign reserves are currently enough to cover about 20 weeks of imports. Overall gross domestic product declined very slightly, by less than one percent, and there was no further loss of jobs. The unemployment rate is estimated to have remained around 10 percent, and inflation is estimated in the region of 3 percent… DOWNLOAD THE FULL REPORT

Peter N. Boos

Chairman Emeritus Ernst & Young Caribbean (since 2004); Founding partner Business Barbados publication (1999) and the Barbados business web portal BusinessBarbados.com (2009); Co-Founder, Chairman and CEO Substance Abuse Foundation Inc. (1996 to date); Founding Sponsor (2009) and First Chairman (2009-2014) Barbados Entrepreneurship Foundation Inc.; Founder of the Peter Boos Foundation (2004), (supporting youth development, entrepreneurship, education, addiction treatment, environmental protection, arts & culture development, relief of poverty and support of various community and charitable causes); Founder, Patron and first chairman ASPIRE Foundation (Barbados) Inc. - 'helping charities help' to strengthen and expand the Barbados Third Sector (2014 to date).

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