In safe hands

In good times: from left, Bishop Dr John Holder, Governor of the Central Bank Dr Delisle Worrell and Minister of Finance Chris Sinckler at yesterday’s service marking the 40th anniversary of the Central Bank. (Picture by Nigel Browne.)

By Mike King | Mon, April 30, 2012 - 12:12 AM

Stressing that “the sky is not falling on Barbados”, Minister of Finance and Economic Affairs Chris Sinckler is predicting annual growth of two per cent or more and reducing the unemployment rate to a single digit percentage.

Speaking minutes after attending the 40th anniversary service of the Central Bank of Barbados at St Mary’s Anglican Church, Sinckler said every effort would be made to reduce the unemployment rate that stands at 11 per cent.

“The unemployment rate is uncomfortably high and we have to work to get that down, but we always knew there would be collateral damage from the recession,” he said.

“In a recession, when businesses are hurting, when their receivables are down, when their stock of savings is depleted, then we lose jobs. But the fact that the Government has been able to manage the situation to the extent where we have been able to keep a large number of public officers employed, it means that it [unemployment] has not exploded out of control.”

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Posted by Tony Webster 1 year ago: One of the risk factors to the citizenry, in the the run-up to general elections, is the danger of being struck by a piece of rhetoric, fired from those who "shoot from the hip". This risk equally applies to "hip-stooting" in places of worship, where , owing to very thick walls -and wonderful ambiance- such fanciful talk can ricochet off the walls, with equal effect to such ballistic ballistic efforts delivered in other places, like on TV8, or in Parliament. In any event , fervent and continual prayer is to be highly recommended- for each of us, and also by those for whom the bell tolls.