Tuesday, April 23, 2024

Chin up!

Date:

Share post:

PRIME MINISTER FREUNDEL STUART is urging Barbadians not to be “ashamed” though the International Monetary Fund (IMF) has placed the island at the bottom of the totem pole for economic growth in the Caribbean this year.

The latest IMF report stated that Barbados would have the worst economic performance among 12 Caribbean countries this year with only 0.8 per cent growth, while it predicted an improvement in next year’s outlook with a growth of 1.4 per cent.

But responding to news about the report, which he admitted yesterday he had not yet seen, the Prime Minister said it was “well known that Barbados has been having some challenges and has to work itself back to robust growth.

“We know that we have been going through some challenges and that we have to work our way back to where we want to be, and that we are doing. I don’t think there is any need for despair.” (GC)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Broad Street to be paved over Heroes weekend

The Ministry of Transport and Works, through its contractor Infra Construction Inc., will mill and pave Lower Broad...

Death rates up

Barbados’ population is officially in decline as the number of people dying each year surpasses those being born. That...

CDB boss steps down with ‘immediate effect’

BRIDGETOWN – President of the Barbados-based Caribbean Development Bank (CDB), Dr Hyginus ‘Gene’ Leon, has resigned with “immediate...

St Michael man remanded on 14 charges

A 23-year-old St Michael man was remanded to Dodds Prison after appearing in court to answer 14 charges. Raheem...