Any onlooker at what is happening in the Barbados economy, regionally and globally, would reasonably argue that this is a period of consolidation.There is little to no wiggle room for indulgences and extravagances. In most companies and households, the strategy is to hold on to the gains already established, prioritize expenditures, and consolidate cash reserves to respond to any unexpected “events”.The COVID-19 pandemic overshadows every economic, social, and political activity in our country. There is no escaping its tentacles.There is simply too much uncertainty in the market. Predictions on how the pandemic was expected to unfold have been faulty at best. There is an acknowledgement, however, that almost every plan for a possible economic comeback through the expansion in the tourism sector is now in limbo because of the Delta wave now inflicting severe sickness and death on too many people in Barbados and across the region.
