BRIDGETOWN (CU)_The Barbadian economy has been facing a host of unexpected macroeconomic challenges over the past year and a half, as a result of the COVID-19 pandemic, despite a swift introduction of restrictions to curb the spread of the virus and countercyclical measures to provide economic support. The range of challenges triggered by the global health crisis has reversed recent gains in the fiscal position, as the 3.7 per cent fiscal surplus in GDP in the 2019/20 fiscal year fell to a 0.2 per cent deficit by September 2020. The gross public debt had also expanded to a whopping 131 per cent of the GDP that month, according to reports.
Meanwhile, the Caribbean nation is also set to see a contraction…
