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Barbadians Warned To Brace For More Hardships – Dukharan

Barbadians Warned To Brace For More Hardships – Dukharan

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The Chief Economist for Bitt Inc, Marla Dukharan, is warning Barbadians to brace for more hardships, given the likelihood that the Government will miss its fiscal targets and that the island’s overall economic performance will be weaker than expected this year.
She issued the grim assessment in response to the latest country risk report prepared on Barbados by the United States-based global insurance credit ratings and information services firm, A.M. Best.
Suggesting that Barbados was now on par with Trinidad and Tobago and Antigua and Barbuda, the A.M. Best report highlighted several challenges, including Government’s high debt burden, the country’s ability to maintain its currency peg to the US dollar, its high dependency on tourism, low foreign reserves, as well as the Central Bank’s continued financing of Government.
Marla Dukharan is recognized as a top regional economist and thought-leader in the Caribbean, well-known for her monthly Caribbean Economic Report, monitoring major economic developments in over 20 countries.BM