Review of Barbados’ Economic Performance for the First Six Months of 2011
The winter tourist season saw a turnaround in arrivals after two years of decline. However tourists have spent less while vacationing on the island. As a result there has been no buildup in foreign exchange reserves in the first half of the year. Nonetheless, reserves remain more than adequate at the equivalent of 20 weeks of imports. Business profitability has not recovered and corporation tax receipts fell short of expectations. This has made it difficult for Government to meet fiscal targets in spite of the increase in the VAT rate and restraint on discretional spending……….MORE
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Other articles in this edition:
Member Feature: IGM Stage Lighting
Consultant has Major Concerns About Regional EPA Implementation
EPA Presentations – Growing Your Business Through Economic Partnership Agreement
Training & Development Notices July 2011
EU/ACP Secretariat Call for Proposals Microfinance Programme
TVET – Request for Proposals
BSBA/ BNS-Marketing Workshop
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