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GOVERNMENT’S ECONOMIC POLICIES are not working, says Leader of the Opposition Owen Arthur.
And he stressed that Moody’s downgrade of Barbados’ credit rating to junk status last week with the economic outlook as negative was a clear indication that there was a need for immediate change in those policies.
“The key to all of this is that the outlook is negative,” said Arthur, an economist and Minister of Finance between 1994 and 2008.
“It isn’t that the Government hasn’t been using policies to correct this thing – they have been. But a negative outlook means that the policies have been catastrophic failures,” he told the SUNDAY?SUN in an interview yesterday.