THE PRIVATE SECTOR has been told that the turbulence which plagued the Barbados economy is beginning to subside.
And in a letter last Friday to chief executive officers and other top executives in the private sector, governor of the Central Bank Dr DeLisle Worrell said the economy was in a much better position today than it was a year ago.
After more than 3 000 job cuts in the public sector, increased taxes and fees, the introduction of tuition fees for Barbadians at the University of the West Indies and the merger of statutory corporations, Worrell said Government had demonstrated “commitment and fortitude in addressing the fiscal deficit”.
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