Friday, April 19, 2024

Economy ‘stable’ for now


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A tweaking of Government’s policies has stabilised Barbados against the effects of COVID-19, but the pandemic remains a major threat to the economy.

Central Bank Governor Cleviston Haynes issued that warning yesterday and urged fellow economists to “consider strategies that will be appropriate in a post-COVID environment”.

This, he said, would seek to “ensure that regional economies are more resilient and that we are better able to adapt to unfavourable changes in the economic environment”.

Haynes was speaking on the topic Economic Strategies In A Post-COVID-19 Environment as the bank officially started its 40th Annual Review Seminar, held virtually for the first time.

The governor said that while over the past two years Government’s programme of economic adjustment and transformation and related measures “contributed to a stabilisation of the economy”, the COVID-19 crisis threatened those gains. (SC)

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