Another economist urges Barbados to shift from tourism
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January 30, 2021
The main task ahead for the Barbados economy is for Government to build out other sectors rather than continuing to focus heavily on tourism, an economist has suggested.
But Kemar Stuart maintains doubt that the Mia Mottley administration would take the required policy direction necessary to drive the economy in the short- to medium-term as it continues to focus on managing the COVID-19 pandemic.
He was reacting to the latest Central Bank report, which recorded a cataclysmic 90 per cent fall in long-stay visitor arrivals over the last three quarters of 2020, reducing arrivals by 71 per cent over the course of the year.