Economist warns Barbados’ recovery fuelled by ‘short-term’ industries

Barbados’ recent economic growth, driven primarily by tourism and construction, may lack long-term sustainability without significant diversification, warns prominent economist Dr. Antonio Alleyne. While acknowledging the Central Bank of Barbados’ report highlighting a 2.7% GDP growth and a reduced unemployment rate of 6.1%, Dr. Alleyne cautioned that these gains are heavily reliant on seasonal industries.