The latest Central Bank report on the Barbados economy has been described as sobering by Professor Justin Robinson.

The Executive Director and Chief Executive Officer of the Sagicor Cave Hill School of Business says it shows the COVID-19 pandemic has had a devastating impact on the Barbados economy.

He notes that Barbados has lost more than 1.5 billion dollars in economic activity and believes the economy has been set back by as much as seven years.

He also believes the actual number of people out of work is far higher that the official unemployment figures show.

Chairman of the Barbados Private Sector Association, Edward Clarke says the uncertainty in the Barbados economy is a big concern.

President of the Democratic Labour Party Verla De peiza says the Central bank report shows the country is in dire straits.

A similar view was expressed by opposition leader Bishop Joseph Atherley.

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