Tourism sector "coming out" of recession in Barbados
Bridgetown.- A Financial analyst and advisor Geoffrey Bell says in a Central Bank's seminar called Governance And Regulation Of The Financial Sector Post Meltdown, that Barbados is "coming out” of recession."I know you have been having a difficult time but the world economy is beginning to improve. Will it have any effect on tourism? The answer of course is that it is going to have a positive impact on tourism but it is going to come out relatively slow," he said.
Bell added that Barbados had set the way by having the highest standards: "If I may say when I look at you in Barbados, and the high standards that you keep, and the high standards that Governor [Dr Marion] Williams has insisted upon . . . it is now seeing you through."
"Many many off-shore sectors are beginning to lose business. You [Barbados] are not. I suspect that what we are going to see is that whilst it is going to be a difficult period of anybody, because we will be going into a period of slow growth, that Barbados, by having the highest standards as you do and particularly in the financial sector, will serve you in really good stead," he said. (Source: Nation News)