Economist: Recovery by 2017

THE BARBADOS ECONOMY should see a recovery within three years once the policies Government has recently put forward are implemented, with the support of the private sector.
This is the view of president of the Barbados Economic Society, Jeremy Stephen, who said that some of Government’s policies had underperformed and might therefore delay growth.
“I don’t want to put a time frame on it. Implementation is key and maybe you’ll start to see a recovery within three years or thereabouts,” he said.
He noted that some Government policies, such as the retrenchment of 3 000 workers, had underperformed, leading to the expectation that economic recovery might languish for a much longer time than anticipated.