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Barbados economy predicted to grow by 2%

The Governor of the Barbados Central Bank, Dr. Delisle Worrell says the island's economy is expected to grow by about 2% this year.

Dr. Worrell says the projected economic growth will result from improvement in the performance of key sectors including tourism.

Dr. Worrell's annual economic review shows that up to November 2010, tourism improved with increased arrivals from North America and Canada.

He said beyond 2011, the economy is expected to achieve a 3% rate of growth.

However, he added that this depended on a number of factors including a full recovery of the tourism sector.

 

 



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