Economic forecasts for Barbados highlight potential risks associated with the increase in international interest rates. An economist from the University of the West Indies warns that rising oil prices could increase the import bill, while slower global growth could reduce tourism revenues. This situation could put pressure on the country's foreign exchange reserves, already estimated at $3.1 billion.
Barbados: Economic Challenges on the Horizon with Rising Interest Rates
This article was updated at 09:40.