The Barbados Central Bank has issued a cautiously optimistic forecast for accelerated economic recovery this year driven by the continued rebound of tourism and the commencement of major capital projects.

This follows 2021 ending with three consecutive quarters of growth.

Delivering the economic review for 2021, Central Bank Governor Cleviston Haynes said that provided there isn’t another shut down of global travel, the economic recovery should pick up pace in 2022.

Mr. Haynes noted that the 2022 forecast continues the trend of recovery that commenced last year with the Barbados economy registering growth of more than eleven percent over the last three months of the year.