(Barbados Nation) Minister of Fiannce Chris Sinckler is convinced the economy “has begun a turnaround” and that Barbadians are now witnessing the economic recovery they have longed for.
Reflecting on the recent Central Bank report which said the economy grew by almost one per cent in the first quarter and was projected to grow by as much as two per cent overall this year, an upbeat Sinckler said the improvement was the result of a disciplined home-grown plan that had turned a deficit into “a small primary surplus of $37 million”.
The minister was speaking last night at the official opening of First Citizens’ new branch at The Walk, Welches, St Thomas, where he also said his ministry supported the Central Bank’s decision to give commercial banks and other institutions the right to set their own minimum savings rate.
