The headline of the Central Bank’s review of the 2nd quarter 2015 performance is 0.5% growth. According to the Central Bank the growth was driven mainly by by tourism and the country is on track to achieve 1% growth for the 2015. BU continues to be very aware growth is being driven mainly by tourism. […]
The report coming out of the International Monetary Fund (IMF) that it ‘failed to realise the damage austerity would do to Greece’ makes for an interesting observation as Barbados is negotiating its own brand of economic austerity. The moral of the story for Barbadians is simple, we need to solve our problems by leveraging homegrown […]
Submitted by Old Onions Bag
People already hollaring for murder from these draconian taxes, yet it ain’t even Budget Day.
How much longer can we continue this way Mr. Sinckler? Better believe we need to come up for air now. People all over Barbados want some reprieve. How much longer can they take these draconian measures and not fall through the social net? We need relief and we need it like yesterday.
What is the sense of being able to boast of cutting the deficit in half and the country’s people are suffering?
History will first remember Dr. Clyde Mascoll as an aspiring politician who misread the tea leaves when he failed to accept the return of the late David Thompson to lead the party. Then only will his study of economics and other academic achievements be referenced. BU however will always define Mascoll as the quintessential economist. Few if any of his profession understand the numbers behind the Barbados economy the way he does. His many years spent at the Central Bank has prepared him for the role as chief spokesman on the economy.
BU recommends Mascoll’s recent column.
Submitted by the Mahogany Coconut Think tank and Watchdog Group As is customary, we join with other commentators, that review the year and what gains, if any, the region would have made. As much as it distresses us, we are forced to conclude that 2014 brought nothing new to the region and that 2015 portends […]
It is difficult to feel cheerful in the Yuletide season when so many things in Barbados seem to be deteriorating. It is difficult to feel confident if a minister of cabinet publicly expresses his lack of confidence in how the Cabinet is managing “process and procedure’’. He is on the inside isn’t he? It is […]
Submitted by Old Onion Bag Confidence. That is what investors are looking for, but don’t have in Barbados. How much longer will it take an educated people to realize the need for change to different men in positions at the TOP if there is to be a revitalization of this our staggering and stalling economy? […]
Submitted by Just Thinking Economics Who ever said that increased taxation will help Barbados out of its current mess needs to have their heads examine. We are already overly taxed and to inflict further pain…..”broadening the tax base”…. will do nothing more than to compound “the already poor” problems. Just imagine asking small incomers (working […]
The following statement was made by Governor Delisle Worrell in January 2011. .“Barbados economy predicted to grow by 2% The Governor of the Barbados Central Bank, Dr. Delisle Worrell says the island’s economy is expected to grow by about 2% this year . Dr. Worrell says the projected economic growth will result from improvement in […]
Submitted by Douglas In the interest of the people of Barbados, this Democratic Labour Party administration will remain committed to our goals of restructuring the economy of Barbados. We will also continue to govern by doing what is in the best interest of the people of Barbados. As we go about the process of restructuring […]
Submitted by Beresford As more forceful condemnations come with greater frequency convicting Freundel Stuart and his DLP of gross negligence and persistent dereliction of duty in serving country first, the not unexpected responses of what is now widely regarded as a band of nincompoops are more fabrications, braying attempts at blaming and shifting responsibility to […]
Introduction: The IMF’s light-touch analysis looks as if it was not intended to cause offence, rather than to provide a roadmap to help the nation escape its present economic problems. Reference to the erosion of the tax base is one example, a situation cause by micro-managing, a lack of a broader policy agenda and political […]
The Barbadian economy is small, fragile, and open. Because of its openness, it has always been, currently is, and will always be susceptible to the effects of exogenous shocks The Barbadian society is materialistic and consumer oriented. Society is defined here as individuals, businesses, and Government combined. The continual clash between economic capacity and societal […]
Cabinet collective responsibility is constitutional convention in governments using the Westminster System that members of the Cabinet must publicly support all governmental decisions made in Cabinet, even if they do not privately agree with them. This support includes voting for the government in the legislature. Some Communist political parties apply a similar convention of democratic […]