In a sobering forecast for 2024, Barbadians are being urged to organize for financial turbulence marked by rising residing prices, inflation, shortages, and lingering uncertainty.
Transport woes amplify price burdens
Main the cost in these cautionary predictions is Professor Don Marshall, the Head of the Sir Arthur Lewis Institute of Social and Financial Research.
Marshall emphasised the probability of elevated bills resulting from delivery challenges, that are anticipated to ripple by way of the native financial system.
Notably, these challenges are poised to not solely inflate costs but in addition dampen the urge for food for shopper items amongst Barbadians.
2024: The true check for Barbados’ progress
Marshall underscored the importance of the upcoming 12 months, stating that 2023 should be seen within the context of Barbados’ ongoing post-pandemic restoration.
