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Act now, says Downes

SHAWN CUMBERBATCH, [email protected]

Act now, says Downes

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PROMINENT BARBADIAN ECONOMIST Professor Andrew Downes is urging Government to solve its fiscal problems soon, otherwise they might become “an albatross around our necks”.

Downes said the fact that Barbados was taking long to emerge from recession was already “a major concern”. This was now compounded by “worrisome” fiscal difficulties, which he said were sure to be causing Government ministers “sleepless nights”.

The reality now facing the authorities was that they had to find a solution to the financial challenge while ensuring that it “doesn’t kill us in the process”, he warned. 

The recently-retired professor of economics and pro vice chancellor for Planning and Development at the University of the West Indies voiced concerns Wednesday night, while delivering the ruling Democratic Labour Party’s latest 50th Independence Anniversary lecture at Almond Bay. (SC)

Please read the full story in today’s Saturday Sun, or in the eNATION edition.