The Barbados Economy - The Road to Prosperity
19 Pages Posted: 7 Dec 2017
Date Written: October 18, 2017
The Barbados economy is dynamic and internationally competitive, led by a private sector that demonstrates remarkable enterprise and innovation, from our largest and most successful firms to youth entrepreneurs of outstanding promise. But our public sector is living beyond its means and its low productivity is a drag on investment. Reduced Government spending and forceful measures for public sector reform are the key to arresting foreign reserve losses and securing the exchange rate anchor. This fiscal policy will restore international market confidence in the economy, improve domestic trust in Government institutions and policy and advance the economy in the international competitiveness rankings.
Keywords: Barbados economy, macroeconomic policy
JEL Classification: E5, E6
Suggested Citation: Suggested Citation