A strategic increase in government spending is what is needed now to stimulate the local economy.
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Business
Central Bank of Barbados Review of the Economy: January – June 2020
Governor Cleviston Haynes delivers the Central Bank of Barbados’ review of Barbados’ economic performance in the first six months of 2020 and gives his outlook for the remainder of the year.
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BMA experiencing mixed results
There appears to be mixed feelings regarding the impact of the Covid-19 pandemic on the local manufacturing sector.
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Disney focuses on streaming as it falls to a loss
Disney plans to launch a new streaming service outside the US and release Mulan to its Disney+ streaming site next year as the media giant tries to build on its early streaming success.
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Increase In Petroleum Prices For August
Motorists will be paying slightly more for petroleum products effective midnight, Sunday, August 2, as the retail prices of gasoline, diesel and kerosene will increase.
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Praxis clothing store closing
Local clothing store Praxis, which specialises in gents wear is closing its doors at the end of July after eighteen years in operation.
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Eurozone suffers deepest contraction on record
Spain has been plunged into its deepest recession in modern times by the coronavirus pandemic.
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German economy suffers sharpest decline on record
The German economy shrank at its fastest rate on record amid the impact of the coronavirus pandemic, according to new official figures.
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Barclays: We want our people back in the office
Barclays boss Jes Staley has signalled that he wants employees working from home during the pandemic to return to the office “over time”.
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UK economy ‘might not recover until 2024’
The UK economy could take until 2024 to return to the size it was before the coronavirus lockdown, according to analysis from the EY Item Club.
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