Business pickup not expected

The economy’s anaemic performance in the first three quarters of 2011 is likely to overshadow the upcoming Christmas period.
And a top private sector head told BARBADOS BUSINESS AUTHORITY that the one per cent growth reported by the Central Bank of Barbados was representative of what was happening on the ground.
John Williams, chief executive officer of Cave Shepherd & Co. and head of the Barbados Private Sector Association (BPSA), said the last three months of the year were most important to business activity and while the economy was expected to see a spike in spending, businesses were not expecting a “bumper season”.
If in fact it surpasses last year’s performance, Williams said, he would be surprised.
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