Barbados’ Fiscal Consolidation To Weigh On Growth

 

• Fitch expects Barbados’ IMF-sponsored debt restructuring and fiscal consolidation programme to weigh heavily on near-term growth.

 

• However, recently approved multilateral financing will lessen near-term financial pressures and allow for restructuring that will bolster medium-term outlook.

 

• Nevertheless, significant downside risks remain as inflation could accelerate with rebounding energy and food prices.

(Source: Fitch)