Clearly tourism is an area in which Barbados has a comparative advantage. In the case of tourism, our comparative advantage is one with which we were endowed. But competitive advantage can be built and engineered. Also, the buoyant sectors can help to support other sectors. The offshore services sector is able to support the tourism sector.
But before I turn to the price-side of the German economy, I would like to conclude my remarks on the real side of the economy with a few sentences on Germany’s export performance.