Economy expected to bounce back this year says PM Barrow

Posted: Wednesday, March 15, 2017. 1:22 pm CST.

By BBN Staff: The Central Bank of Belize has forecasted a 3.5 percent economic recovery for the fiscal year 2017-2018.

Prime Minister Dean Barrow, in his budget presentation, explained that GOB expects the economy to experience a 3.5 percent recovery in this fiscal year.

The “muscular recovery”, he said, is based on indications that agriculture will bounce back, after tremendous loss to natural disaster in 2016, while tourism is expected to continue growing.

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