Central Bank of Barbados - Annual Report 2004

According to the Central Bank of Barbados's Annual Report 2004, during 2004, growth of the Barbadian economy was strong, particularly in tourism and the nontraded sectors.

This resulted in single digit unemployment levels for the first time since 2000. However, an accompanying surge in imports further widened the external current account and the net international reserves (NIR) declined significantly. A rebounding economy and decreasing interest rates also fuelled a resurgence in credit demand in

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