Friday, March 29, 2024

Governor expects growth next year

Date:

Share post:

Central Bank Governor Dr DeLisle Worrell has predicted that the lull in real economic growth Barbados has endured since 2006 will end next year.

Worrell said yesterday the economy was “firmly set on the path to sustainable growth [and] is forecast to grow by two per cent in 2015 and by 2.3 per cent in 2016”.

These predictions were made when the bank released its third-quarter economic review in which it announced that the economy did not grow between January and last month.

Worrell said the expected future growth would be led by “the sectors and activities in which we have a demonstrated comparative advantage over the competition, in terms of quality, productivity and the strength of the Barbados brand”. (SC)

Please read the full story in today’s MIDWEEK NATION, or in the eNATION edition.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Natassia’s journey from tragedy to triumph

In a world often characterised by turbulence and uncertainty, a beacon of hope often emerges from some of...

No decision yet on Lester Vaughan School

A firm decision has not yet been made regarding when the Lester Vaughan School will be reopened. Following a...

BDF to conduct simulation exercise on April 2 & 3

The Barbados Defence Force (BDF) will conduct a Mass Casualty Simulation Exercise from Tuesday, April 2, to Wednesday,...

Barbadians reminded to file taxes online as filing season starts

The Barbados Revenue Authority (the BRA) is advising that tax filing season for 2023 begins on April 1 this...