Bridgetown.
The latest analysis of the Barbados Economy by the Central Bank of Barbados shows the economy is in decline.
In its Review Of The Barbados Economy For The First Nine Months of 2011, released yesterday, the bank stated that earnings from Barbados' two leading foreign exchange sectors tourism and the international business and financial services had both declined.
Real output for the first nine months was one percent only half the rate of growth projected at the start of the year.
There were contractions in manufacturing (two percent), sugar production (eight percent) and non sugar agricultural output (four percent).
According to the review, prices for fuel rose during the period as well as major commodity and retail prices.
