Central Bank of Barbados Governor Dr. Kevin Greenidge delivered the featured address at BIBA: The Association for Global Business’ 2025 Economic Outlook Seminar, setting out a data-driven assessment of Barbados’ and the global economic landscape and the key growth, inflation, financial sector and policy factors expected to shape 2025. He emphasised that slowing inflation does not mean prices are falling, and framed cost-of-living pressures in terms of whether economic growth outpaces inflation and how gains are distributed over time. On the 2025 outlook, the Governor said stronger public and private investment could support growth beyond a projected 3 percent, while external developments including global economic conditions affecting tourism and potential trade restrictions could alter momentum. Inflation was expected to range between 1 percent and 2.5 percent in 2025, absent shocks such as higher global tariffs or supply-chain disruptions. The seminar also included industry concerns raised by BIBA President Marlon Yarde about declining renewals among foreign currency permit holders and the departure of some firms, alongside discussion of potential opportunities linked to the OECD global minimum corporate tax agreement.
Central Bank of Barbados 2025-02-12
Central Bank of Barbados Governor briefs BIBA leaders on 2025 economic outlook and inflation expected at 1 to 2.5 percent
Central Bank of Barbados Governor Dr. Kevin Greenidge, at the BIBA 2025 Economic Outlook Seminar, highlighted factors shaping Barbados' and the global economy, including growth, inflation, and financial sector dynamics. He noted inflation is slowing but prices aren't falling, and growth could exceed 3% with more investment. Inflation is projected between 1% and 2.5% for 2025, barring external shocks, with discussions also covering industry concerns and opportunities related to the OECD global minimum corporate tax agreement.