Barbados: Staff Report for the 2002 Article IV Consultation
March 5, 2003
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This 2002 Article IV Consultation highlights that eight consecutive years of growth in Barbados ended in 2001 as real GDP contracted by 2¾ percent, owing mainly to the adverse impact on tourism of the global economic slowdown and the September 11 terrorist attacks, as well as continuing declines in agriculture and manufacturing output. To lessen the impact of the September 11 attacks, the authorities implemented a national emergency program in the fourth quarter of 2001. Broad money grew by 5½ percent in 2001, reflecting capital inflows and an increase in international reserves.
Subject: Economic sectors, External debt, Labor, Public debt, Public enterprises, Public sector, Wage adjustments
Keywords: Barbadian authorities, Caribbean, CR, deficit, deficit of the central government, Global, government, IMF staff representative, ISCR, overall deficit, Public enterprises, Public sector, staff appraisal, Wage adjustments
Pages:
50
Volume:
2003
DOI:
Issue:
044
Series:
Country Report No. 2003/044
Stock No:
1BRBEA0022003
ISBN:
9781451806021
ISSN:
1934-7685
