Quarterly Economic Review Coming April 29

Author(s): Central Bank Of Barbados

Created 24 Apr, 2020
Views: 508

Central Bank of Barbados Governor, Cleviston Haynes will deliver the organisation’s review of Barbados’ economy during a virtual press conference on Wednesday, April 29, 2020 at 11:00 a.m.

During the press conference, Haynes will also share the outlook for the economy, which is expected to be heavily impacted by the COVID-19 pandemic.

Late last month, while announcing monetary policy measures that are intended to make it easier for commercial banks to assist their clients, Haynes said, “COVID-19 has had a crippling effect on the global economy. Its impact on global tourism has already led to the suspension of incoming flights to Barbados and the closure of hotels, attractions and restaurants, which in turn has impacted other ancillary sectors. We expect economic activity to contract, bringing with it the potential for significant job losses.”

The press conference will be streamed live on the Central Bank of Barbados’ Facebook page.

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