‘Use imagination, move away from tourism dependency’
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February 2, 2021
Dependency on tourism is an issue that must be addressed with “haste and imagination” if Barbados is to ever survive future economic shocks, caused by significant global events, the Democratic Labour Party’s (DLP) leader has said.
During her party’s virtual town hall discussion on the economy, held on Sunday, DLP president Verla DePeiza referred to the latest Central Bank report which noted a 90 per cent fall in long-stay visitor arrivals over the last three quarters of 2020, DePeiza said the time has come to move away from its overly dependent relationship on tourism, and invest in other more stable sectors.