Sunday, May 5, 2024

Herbert: Recession likely

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THE ECONOMY CANNOT SURVIVE the Budget delivered by Minister of Finance Chris Sinckler.

All it will do, says chairman of the Barbados Private Sector Association (BPSA), Charles Herbert, is push the island into a recession.

Herbert issued that stark warning yesterday as he slammed the revenue-generating measures outlined in the Financial Statement And Budgetary Propsoals, dubbing them “pain with no gain”.

He opened discussion during the post-Budget breakfast discussion hosted by the Barbados Chamber of Commerce & Industry and PricewaterhouseCoopers at the Hilton Barbados, which, ironically, will be divested, according to Sinckler. (WILLCOMM)

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

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