Barbados and OECS Corporate Performance and Outlook Report
http://www.caribbeanpressreleases.com/articles/6100/1/Barbados-and-OECS--Corporate-Performance-and-Outlook-Report/Page1.html
S Coward
By S Coward
Published on 04-Jan-10
Cave Hill -- Jan. 4, 2010 -- We are pleased to introduce the “Barbados and OECS Corporate Performance and Outlook Report” published by the Department of Management Studies at UWI, Cave Hill. The survey aims to provide policymakers and the public in general, with timely and readily accessible information on the, Financial Performance, Financial Outlook, Investment Outlook, Employment Outlook, Local Economic Outlook and Global Economic Outlook, as it relates to companies in Barbados and the OECS.
758 companies surveyed
Cave Hill -- Jan. 4, 2009 -- We are pleased to introduce the “Barbados and OECS Corporate Performance and Outlook Report” published by the Department of Management Studies at UWI, Cave Hill. The survey aims to provide policymakers and the public in general, with timely and readily accessible information on the, Financial Performance, Financial Outlook, Investment Outlook, Employment Outlook, Local Economic Outlook and Global Economic Outlook, as it relates to companies in Barbados and the OECS. The aim is to provide more of a ground level perspective on financial and economic matters as compared to the more macro-economic type data that is typically available.
The results of this edition of the survey are based on responses from 758 companies in Barbados, Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines (Table 1 provides a breakdown of the responses by country). The data was collected in September, 2009, thus companies would be reflecting on their performance from March to August of 2009, and their six month outlook would be from September to February 2010, while the twelve month outlook be from September 2009 to August 2010. The report will be published on a quarterly basis, data will next be collected in January of 2010 and a report published in February 2010. The report is funded by the Department of Management Studies at UWI Cave Hill and we encourage a broad cross section of organizations to participate in our survey as we seek to provide this public service.
Conclusion
Companies in Barbados and the OECS are currently feeling the effects of the global economic slowdown. This is reflected in a worsening of financial performance
over the last six months across countries and sectors. Companies in the tourism and financial services dependent economies of Antigua, St. Lucia and Barbados are among the worst hit, whilst companies in the public utilities, tourism related and the retail and wholesale sectors are among the worst affected. Companies in the
entertainment industry are the least affected. Residents of Barbados and the OECS appear to be partying despite the economic slowdown.
Unlike their international counterparts, companies in Barbados and the OECS appear disinclined to lay off workers as a means of responding to worsening financial
performance. However, there appears to be a hold on investment, with the majority of companies report no major investments planned for the next six/twelve months.
Companies in Barbados and the OECS appear to expect the economic slowdown to last for another six months at least, but they expected improvements in
the next twelve months. The prospects for improvement appear to be driven by an expectation that the global economy will recover in the next six to twelve months.
DOWNLOAD FULL REPORT
The results of this edition of the survey are based on responses from 758 companies in Barbados, Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines (Table 1 provides a breakdown of the responses by country). The data was collected in September, 2009, thus companies would be reflecting on their performance from March to August of 2009, and their six month outlook would be from September to February 2010, while the twelve month outlook be from September 2009 to August 2010. The report will be published on a quarterly basis, data will next be collected in January of 2010 and a report published in February 2010. The report is funded by the Department of Management Studies at UWI Cave Hill and we encourage a broad cross section of organizations to participate in our survey as we seek to provide this public service.
Conclusion
Companies in Barbados and the OECS are currently feeling the effects of the global economic slowdown. This is reflected in a worsening of financial performance
over the last six months across countries and sectors. Companies in the tourism and financial services dependent economies of Antigua, St. Lucia and Barbados are among the worst hit, whilst companies in the public utilities, tourism related and the retail and wholesale sectors are among the worst affected. Companies in the
entertainment industry are the least affected. Residents of Barbados and the OECS appear to be partying despite the economic slowdown.
Unlike their international counterparts, companies in Barbados and the OECS appear disinclined to lay off workers as a means of responding to worsening financial
performance. However, there appears to be a hold on investment, with the majority of companies report no major investments planned for the next six/twelve months.
Companies in Barbados and the OECS appear to expect the economic slowdown to last for another six months at least, but they expected improvements in
the next twelve months. The prospects for improvement appear to be driven by an expectation that the global economy will recover in the next six to twelve months.
DOWNLOAD FULL REPORT