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by Borbála Csete and Andrea Eras Almeida
Prior to the COVID-19 pandemic, the Eastern Caribbean island nation, famed for its beautiful landscapes, pristine white-sand beaches and temperate climate, attracted around a million tourists each year. But with travel restrictions across the globe, tourism all but dried up, and the country’s economy has seen a dramatic downturn.
It is estimated that, by the end of 2020, GDP had contracted by 18 per cent, primarily due to a 71 per cent decline in long-stay arrivals over the year.
In these times of instability, the Barbadian government is accelerating its efforts to diversify the economy and rebuild a more sustainable and resilient one.
Apart from renewed activity in traditional sectors, the country…