BRIDGETOWN, Barbados, Nation News - Government is being told to “come clean” with the people since the Central Bank’s call for an about turn in economic strategy reflects what the Opposition was saying all along.
That was Leader of the Opposition Mia Mottley’s reaction to the bank’s statement that Government’s medium term fiscal strategy (MTFS) must be brought back on track and a new adjustment strategy implemented.
Central Bank Governor Dr Delisle Worrell made the revelation Tuesday in presenting the bank’s first quarter review, which showed the economy had contracted by 0.4 per cent, the deficit had widened to 7.3 per cent at year end, unemployment was up and tourism arrivals down.