Antigua PM expects $6 billion economy by year-end
Antigua and Barbuda’s Prime Minister, Gaston Browne, has announced his unwavering confidence in the country’s economic strength and resilience.
In a statement over the weekend on his radio station Pointe FM, Browne, also the country’s finance minister, projected a significant milestone of achieving a $6 billion economy by the end of the year, which is a testament to the country’s progress and prosperity.
The Prime Minister’s optimistic outlook on the country’s future economic growth is a source of inspiration and hope for the nation’s citizens and investors alike.
“When they continue to make the excuses that the global crisis impacted growth and development, my administration acknowledged the impact of Covid-19, but we never used it as an excuse to say that we could not have grown the country’s economy because of the lingering impact of Covid”, he said
Browne stated that despite a heavy blow to Antigua and Barbuda’s economy, which resulted in an 18% loss in a single year, the country could bounce back and achieve an average annual growth rate of 8%.
“When you look at the growth that we are experiencing now, contrast that with what we inherited when we took office back in 2014. We had an economy with a size of $3.2 billion. So, to expand the economy to $6 billion in that time you are talking about almost doubling the economy. This is a phenomenal development for any country,” he added
This story was first published by Antigua News on April 7, 2024: antigua.news/2024/04/07/antigua-pm-expects-6-billion-economy-by-year-end. © 2024 Antigua News. Republication without permission is not allowed.
About the author
The Editorial Staff refers to all reporters employed by Antigua.news. When an article is not an original creation of Antigua.news—such as when it is based on a press release, other media articles, letters to the editor, or court decisions—one of our staff members is responsible for overseeing its publication.
Read our editorial standards and corrections policy. Spotted an error? Contact the newsroom.
More from Antigua and Barbuda
View section
Police and DPP Strengthen Partnership to Improve Criminal Case Preparation
Two-day PACE Justice workshop promotes earlier consultation, stronger evidence and better coordination between investigators and prosecutors.
By Shermain Bique-Charles
‘They Can’t Dictate That’: Freeland Rejects Player Pressure Over National Coach
Freeland defends the coaching staff and says players should demonstrate their value through training and performance.
By Shermain Bique-Charles
Search Ends as All Four Juveniles Who Escaped Bolans Police Station Return to Police Custody
Police apprehended three of the juveniles during a search operation in Liberta on Thursday morning, less than a day after the fourth surrendered to authorities.
By Cory Wayland
Farmers Given 90 Days to Plant as Government Launches 102-Acre Land-Clearing Programme
Antigua launches a 102-acre agricultural land-clearing programme requiring beneficiaries to establish viable crops within 90 days of land preparation.
By Cory Wayland
Comments
Be the first to comment.