Gov’t advised to plan for prolonged US impasse
Oct 14, 2013
ST JOHN’S, Antigua – Government is being advised, by two well-known economists, to begin making contingency plans to limit the impact that a prolonged impasse in the US could have on Antigua & Barbuda’s economy.
Regional economist McCarthy Marie and local economist and political analyst Carlon Knight agree that a prolonged US government shutdown coupled with a failure to lift the debt ceiling could spell big trouble for the region.
“When persons are faced with uncertainty they tend to curtail discretionary income and that means leisure activities such as travel are cut back,” Knight said.
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