Saturday, April 13, 2024

Tourism rescue


Share post:

A “STRONG” WINTER TOURIST SEASON appears to have spared Barbados’ economic stewards another period of embarrassment.

However, Barbadians should brace for more measures that are required to fill the “gap” in the Government’s finances.

In a report that was delivered later than usual, and on the same day of an Opposition no-confidence motion against the Government, Central Bank Governor Dr DeLisle Worrell reported yesterday that the economy “expanded by an estimated 1.7 per cent during the first quarter of 2016”.

Worrell is also predicting that the economy will grow by 1.6 per cent overall this year, an outcome predicated “mainly because of tourism and ancillary activity”.

He also said the additional fiscal measures were expected “shortly” in the Financial Statement and Budgetary Proposals to be delivered by Minister of Finance Chris Sinckler. (AC)

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


Please enter your comment!
Please enter your name here

Related articles

Former child star Jaleel White breaks his silence on ‘Quiet on Set’

At the age of 12, Jaleel White was cast as lovable nerd Steve Urkel on the ‘90s sitcom “Family...

Data shows Bajan contacting hitman

KINGSTON – Phone data evidence showed that there was continuous communication between Barbadian-born businessman Omar Collymore and the...

Judge: Use dragnets to stop motorcyclists

Institute dragnets and take away their illegal bikes. That, said Justice Carlisle Greaves, is what lawmen should do to...

Biden urged to ban China-made electric vehicles

President Joe Biden has been urged to ban imports of Chinese-made electric cars to the US. The chair of...