CHIEF ECONOMIST at the Caribbean Development Bank (CDB), Carl Howell, has suggested that Barbados needs to urgently address its debt and fiscal problems if the country is to return to strong growth.
The Central Bank of Barbados has predicted that the island’s economy will grow by less than one per cent this year.
And during a Press conference at the CDB’s Wildey, St Michael headquarters yesterday, Howell told members of the regional media difficult choices had to be made.
“Before the country can really take off, I think it has to pay urgent attention to that. We’ve had involved conversation with the country as to some possibilities as to where it can go to treat with the debt problem,” he said. (NB)