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)
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