Reduced Export Demand, Poor Private Consumption To Keep Barbados In Recession

• Barbados’ economy is expected to contract in 2020, as previous quarantine measures limit private consumption and a global recession reduces demand for Barbadian exports.
• The persistence of global cases will impede the pace of a domestic recovery, despite the reopening of the local economy and resumption in tourism activity.
• Fitch Solutions maintains its 2020 real GDP forecast for Barbados of -4.1% y-o-y, with risks weighted to the downside.

(Source: Fitch)