Foreign reserves dip in third quarter but stay ‘well above’ benchmark

Briefing journalists on the bank’s third-quarter report, governor Dr Kevin Greenidge said real gross domestic product (GDP) had grown by an estimated 1.4 per cent, compared with 2.3 per cent over the same period in 2025.

Growth in the non-traded sector, which produces goods and services consumed domestically, offset weaker performance in the traded sectors, he said.

Domestic businesses kept the economy growing, while tourism and manufacturing shrank.