Barbados Set For Modest Recovery In 2019

• It is expected that Barbados’ economic recovery will remain muted as its government pursues debt restructuring and fiscal consolidation as part of an IMF-sponsored programme.
• Over the longer term, the successful implementation of IMF-backed reforms should boost productivity and growth and lower debt-servicing costs.
• Nevertheless, Fitch notes downside risks to both economic growth and the IMF programme as negotiations with external creditors could break down and a ‘No Deal’ Brexit could damage tourism.

(Source: Fitch)