The Barbados economy is projected to grow by about 5.9 per cent this year, according to data released by the Economic Commission for Latin America and the Caribbean (ECLAC) on Tuesday.In a new edition of its flagship annual report, Economic Survey of Latin America and the Caribbean: Trends and Challenges of Investing for a Sustainable and Inclusive Recovery, the United Nations agency said Government expenditure is also expected to rise and revenue expand.According to the report, the economy of the Caribbean region is expected to grow overall by some 10.2 per cent, due to the whopping 52 per cent growth expected in the Guyana economy.Meanwhile, Latin America and the Caribbean together are projected to have average growth of 2.7 per cent, returning to the path of low growth it was following before the COVID-19 pandemic.This, it said, was keeping with the slowdown seen in the first half of 2022, after growth of 6.5 per cent in 2021.“The countries of Latin America and the Caribbean face a complex economic and social environment in 2022. Weak economic growth is accompanied by strong inflationary pressures, slow job creation, falling investment and growing social demands. This situation has created major challenges in terms of macroeconomic policy, with a need to reconcile policies that promote economic recovery with policies to rein in inflation and make public finances sustainable,” ECLAC said.