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Of six major Caribbean economies studied by the Inter-American Development Bank (IDB), Barbados’ economy was the third worst affected by the COVID-19 pandemic in 2020.This has been outlined in the IDB’s latest issue of Caribbean Economics Quarterly from the institution’s regional office which is located here.According to the just published document, the economic crisis brought about by the pandemic was an outlier in terms of the “speed and depth” of the shock on regional economies.When compared to other regions of the world, the Caribbean and Latin America was dealt the hardest blow. However, when the IDB further examined the economies of Guyana, Trinidad and Tobago, Jamaica, Belize, The Bahamas, and Barbados, the economy here suffered the third deepest shock in 2020 with a decline of 13 per cent of gross domestic product.Local statistics show the deep contraction continued well into 2021.

United statesTrinidad and tobagoStefano pereiraKhamal claytonDavid rosenblattHenry mooneyMonique grahamNatasha richardsonMaria cecilia acevedoAmerican development bankInter american development bankCaribbean economics quarterlyLatin americaLatin american