THERE’S GOOD NEWS on the eve of Independence. One of the island’s leading bankers says the economy is improving and seems to be heading in the right direction.
David Noel, Scotiabank’s Caribbean East managing director, said though it is early days yet, indicators point to a recovering economy.
Noel said the deficit, which was at 11.6 per cent in 2013, improved to about 6.7 per cent last year and hopefully would be five per cent or less this year. And that’s good.
Another positive is the projection of a good tourist season this year and expanded airlift. He said the high numbers and spend recorded in 2014 proved a big boost to the country, and if this could be repeated or surpassed, it would augur well for the economy.
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