Barbados Economy Review 1st Six Months 2010

Central Bank Governor Dr. Delisle Worrell’s Economic Review June 2010.

Reserves declined by $68 million, leaving reserve
cover at about 19.3 weeks of imports, significantly
more than at the end of June 2009. Overall economic
growth contracted by 1.0 percent over the January to
June period, compared to the first half of 2009, and
unemployment increased to 10.6 percent over the first
quarter, up slightly from 10.1 percent in the first quarter
of 2009. Output in construction continued to contract,
and demand for domestic goods and services remained
weak. However, the average inflation rate for the 12
months ending March remained steady at 3.3 percent

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