Jul 2016 Financial News

Project delays hurt growth (Barbados)

Jul 20, 2016

THE ECONOMY HAS GROWN, but so too have Government’s fiscal challenges.

On top of that, the Central Bank has lowered its overall economic growth projections for 2016. It said the change was “mainly because most major investment projects are behind schedule”.

These developments were made known yesterday when Central Bank Governor Dr DeLisle Worrell detailed how the economy performed between January and June.

News of 1.3 per cent economic growth in the first six months was tempered by a decline in foreign exchange and a $28 million increase in the fiscal deficit between April and June alone. These are the first three months in Government’s 2016/2017 financial year. (SC)

Source:
SHAWN CUMBERBATCH
shawncumberbatch@nationnews.com
Nation News
Wednesday July 20, 2016

http://www.nationnews.com/nationnews/news/83424/project-delays-hurt-growth