Modest Rebound In Barbados After Recession In 2019

• Barbados will experience a second consecutive year of economic contraction in 2019 as government fiscal consolidation weighs on consumption and investment.
• Fitch Solutions has revised its real GDP forecast down from a  0.3% y-o-y growth to a 0.1% contraction for 2019.
• In 2020, real economic activity is projected to return to growth (1.3%) as tourism remains solid and foreign investment solidifies.

(Source: Fitch Connect)