Opposition leader and former Prime Minister Owen Arthur is against the notion that Barbados economy is stable and on the verge of recovering to a period of growth when the current recession eases up.
During a keynote speech after the annual general meeting of the Barbados Employers’ Confederation at the Barbados Hilton today, Arthur told a full house of BEC?members that any idea the economy was recovering is a “myth.”
According to Arthur, the DLP Government is yet to bring any major, new transformational initiatives to bear far reaching adjustments to the economy.
“This failure is deeply rooted in the official mindset, so often expressed, that our economic problems are due to the effects of the international recession, and that once the recession lifts, economic buoyancy will return. That is not true,” Arthur contended.
“We can, and should start debunking the official myth that is being propagated that the economy is stable, whether the concept of stability is meant to describe its performance or to describe the vital relationships that govern its structure and functioning.”
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