Nation e-Edition

What’s Trending: Eye on economy

What’s Trending: Eye on economy

Thu, November 01, 2012 - 9:38 AM

The Nation’s Online Editor Carol Martindale looks at What’s Trending today in Barbados.

The economy continues to hold the attention of our readers.

Governor of the Central Bank Dr DeLisle Worrell at a press conference yesterday which looked at the  economic review of this country during the first nine months of the year, told Barbadians to be patient and to hold strain.

Our readers had this to say:

JCP: “I think Jobs are more important. If you have a nation with plenty people unemployed, what are you going to do? Keep raising the taxes on them to protect the peg? Or you can put measures in place to get more people back to work, which can bring in more wealth to the country as well. Not just low-end remedial jobs either. They need to be high paying jobs to match the rising cost of living in Barbados, and the Government needs to put in place measures to continually retool the Barbadian people to remain at the forefront of these globally high paying opportunities. That's what sets Bermuda apart from the rest of the region. Look at the median-wage level in Bermuda which is something like around BDA/US$117,000 a year, and place that in direct comparison to Barbados right now. This Governor doesn't seem to be looking for a growth path, he sounds to be looking at a holding pattern.”

Dave Payne: “So much needs to be done. I saw pictures of the Queen Elizabeth Hospital and it badly need sorting out. It looked more like a rundown building than a hospital, the roads are in worst condition than before, water,electricity at an all time high, and don’t get me started on the cost of food, …so expensive. Not enough is done to help the poor farmers and now the Government is banking the tourists will ease some of the burden. But remember the recession is worse than ever in the UK and U.S.A. People haven't got the money and if they come, instead of two weeks its’ a week which puts a strain on the hotel industry.”

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