ACCORDING TO THE MOST RECENT PRESS RELEASE of the Central Bank of Barbados, the economy is in a classic state of stagflation and not stability, and is further paralyzed by a fiscal crisis for which economic solutions exist but political fears reign.
The year has opened with a heap of problems on the Government’s plate, all demanding and requiring attention at the same time. There is the international recession casting its ominous shadows over the Barbados economy.