Central Bank of Barbados warns of weakness in tourism industry

central-bank-barbados

The Barbadian economy has experienced a significant decline in output during recent months due to a fall in spending by tourists, according to a paper published in the Central Bank of Barbados's Economic Review, published on January 4.

Allan Wright, the paper's author, examines the economic impact of the decline in tourism in Barbados. The paper focuses on the UK, US and European markets in order to better garner an explanation for the fall in tourism expenditure and determine the areas or

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