Barbadian growth ‘stagnant’ as tourism falls

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The governor of the Central Bank of Barbados, DeLisle Worrell, said economic growth has suffered due to declining tourism revenues, in a review of the first three quarters of 2012 delivered on October 30.

Real economic activity was "stagnant" for the first nine months of the year with the unemployment rate increasing by a percentage point to 12.2% in the first six months of the year.

Economic growth is forecast to rise marginally during the remainder of 2012, Worrell said. Investment in the

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