PAIN?WITH?NO?GAIN.
That’s what Barbadians seem to be facing despite Government’s efforts to turn the economy around, says Wall Street credit rating agency Moody’s Investors Service.
In a 27-page report on Barbados released days ago, Moody’s said the dismissals of thousands of workers, cutbacks in Government spending and other tough fiscal measures were unlikely to spur any early turnaround in the island’s economic fortunes.
The agency contends that Barbadians may be facing tough economic days for “sometime to come” as they don’t believe Government’s “fiscal consolidation” measures will bring much, if any, immediate financial relief.
