Economy on the rebound – Sealy

Acting Governor of the Central Bank of Barbados Cleviston Haynes is expected to announce this week, a drop in unemployment and growth in the economy when that institution holds its first press conference in three years.

Haynes, whose predecessor Dr Delisle Worrell had scrapped the quarterly press conferences in 2014, is also expected to tell the country that the crucial foreign exchange reserves have started to improve again.

Minister of Tourism and International Transport Richard Sealy, who has acted as Prime Minister on several occasions, gave a brief preview of the upcoming news conference when he addressed his ruling Democratic Labour Party ‘s (DLP) FACTS meeting at Belfield Community Centre last night.

“The unemployment rate that we had at the end of December, which was I think just under ten per cent, is just now over nine per cent. Unemployment is falling . . . and you will hear about that . . . you will hear falling unemployment [and] you will hear inflation is still under control,” Sealy said.

He said the Acting Governor will also inform the nation that the economy is growing, albeit not by double digits.

“And you will also hear the foreign reserves situation is bouncing back . . . and you will hear of the fiscal deficit and that is also under control . . . and we have made difficult decisions in order to make sure the economy is on a firm footing,” Sealy added.

He praised Minister of Finance Chris Sinckler for his handling of the economy and predicted that the ruling DLP would be returned to power with a stronger Barbados.

The Minister of Tourism recalled that in 2015, some 292,000 visitors came to Barbados, the largest number in that year, while last year, 631,000 people came to this country, the biggest number in the island’s existence.

“We have had more investment than we have ever seen, certainly in the tourism sector,” he added.

53 Responses to Economy on the rebound – Sealy

  1. Nicole Clarke
    Nicole Clarke May 1, 2017 at 10:11 am

    Too liard

    Reply
  2. Peter May 1, 2017 at 10:12 am

    The new SELECTED DLP leader speaks. Word from the Command Center on George Street is that he needs to get more visible……

    Reply
  3. Anne Ince
    Anne Ince May 1, 2017 at 10:14 am

    Idiot…..

    Reply
  4. Devon Sullivan
    Devon Sullivan May 1, 2017 at 10:16 am

    HMMM

    Reply
  5. Helicopter(8P) May 1, 2017 at 10:17 am

    Sounds very impressive but those visitors have to feel a comfort zone when on the island. We hope and wish that all Barbadians will aspire to a comfort level of prosperity and be productive for the good of country. Barbados our island home!

    Reply
  6. Peggy Stoute Morin
    Peggy Stoute Morin May 1, 2017 at 10:21 am

    The bleating of sheep. Cries of desperation.

    Reply
  7. Lana Walcott
    Lana Walcott May 1, 2017 at 10:23 am

    And thats an “alternative fact”

    Reply
    • Michael King
      Michael King May 1, 2017 at 12:00 pm

      He states that unemployment is down from under 10% to over 9%.
      What the he’ll is the difference?

      Reply
      • John Everatt May 1, 2017 at 12:42 pm

        I was thinking the same thing when I read that

        Reply
        • stats May 1, 2017 at 4:29 pm

          Under 10 = 9.5 – 9.9
          Over 9 = 9.1 – 9.4

          Reply
  8. Mark Marlon Phil
    Mark Marlon Phil May 1, 2017 at 10:23 am

    REALLY NOW!! come on MAN…

    Reply
  9. Anthony Small
    Anthony Small May 1, 2017 at 10:25 am

    Elections comingggggggggggggggggggggg.

    Reply
  10. Lilian Lloyd
    Lilian Lloyd May 1, 2017 at 10:34 am

    HURRY-HURRY

    Reply
  11. Ardith O
    Ardith O'nell Prescod May 1, 2017 at 10:36 am

    Ah tired.

    Reply
  12. Matthew Greaves
    Matthew Greaves May 1, 2017 at 10:43 am

    Lol

    Reply
  13. Joy Waldron
    Joy Waldron May 1, 2017 at 10:50 am

    This man live under a rock and just come out?? Go back ya cause that joke ain’t funny

    Reply
  14. Kirk Fedee
    Kirk Fedee May 1, 2017 at 10:51 am

    On the Rebound!!!…rebound from where?

    Reply
  15. Leroy May 1, 2017 at 11:03 am

    All of a sudden because we have a new governor of the centural bank the economy is growing. We know elections coming and we still are finish with this government. These politicians only about themself, them rich friends and them family and burdening poor people with taxes.

    Reply
  16. Tappin Linda
    Tappin Linda May 1, 2017 at 11:07 am

    The man is a auditioning for his new job as a comedian. Lol !

    Reply
  17. Keith Forde
    Keith Forde May 1, 2017 at 11:12 am

    MR.SEALY AM I MISSING SOMETHING OR WHAT..YOU HAVE DE GALL TO BAJANS THE ECONOMY ON DE REBOUND.THEM DAYS OF FOOLING PEOPLE ARE OVER..

    Reply
  18. Alwin Ellis
    Alwin Ellis May 1, 2017 at 11:23 am

    The only thing I see rebounding is sealy big guts

    Reply
  19. Santini More
    Santini More May 1, 2017 at 11:24 am

    Mr “14,000 new jobs from 2 hotels” Sealy has been on the rum punch again!

    Reply
  20. Rosanna Lewis
    Rosanna Lewis May 1, 2017 at 11:24 am

    The lie detector determine … that was a lie.

    Reply
  21. Richard May 1, 2017 at 11:27 am

    Where are the facts to back up this claim? The economy is certainly not getting any better when government is constantly spending more than they can possibly seek to gain. Tourism has drop with in the last year to present, not improve. BS POST!!!

    Reply
  22. Maureen Annius
    Maureen Annius May 1, 2017 at 11:30 am

    Loook he running to fat loook like a bull ready to butt joker

    Reply
  23. Terissa Bushell
    Terissa Bushell May 1, 2017 at 11:41 am

    LOL! Had a vivid dream, didn’t you? Seemed real, didn’t it? Ease off the purple drank…

    Reply
  24. Suezette Boyce-Griffith
    Suezette Boyce-Griffith May 1, 2017 at 11:48 am

    Look lol the tourism clown at his best with more lies

    Reply
  25. Jasper Stone
    Jasper Stone May 1, 2017 at 12:02 pm

    The economy is on the rebound when the people themselves aren’t struggling to get by not when a politician says so

    Reply
  26. Harry May 1, 2017 at 12:03 pm

    what is the level of our foreign reserves ? look out for more fax news

    Reply
  27. Dennis Connell
    Dennis Connell May 1, 2017 at 12:15 pm

    Relationships formed on the rebound is never good…hope its not that kind of a rebound

    Reply
  28. Nathan May 1, 2017 at 12:19 pm

    When overnighting air crew are now included in the visitor numbers it is unsurprising that we’ve reached such a (false) high.
    Also, with Bim paying ~US$300M in *interest* payments overseas yearly for International financing, at even 3%/apr (which it’s not because our bond rating was lowered and we’re now paying closer to 10%) it means we owe >US$10Bn in principle.
    If we somehow stopped borrowing from the International community today, it will take us ~30yrs+ to repay and “get out of debt”.
    I am mournful for my kids and future grandkids :'(

    Reply
  29. Bradg May 1, 2017 at 12:22 pm

    boy……….elections around the corner, and the economy rebounding just in time!! What a coincidence Mr.Sealy, thanks for letting us know.

    Reply
    • Sunshine Sunny Shine May 1, 2017 at 1:26 pm

      Same shytie tactics as last time.

      Reply
  30. Carol Grant Cumberbatch
    Carol Grant Cumberbatch May 1, 2017 at 12:23 pm

    God please give us strength.

    Reply
  31. Hugh Roberta Ferguson
    Hugh Roberta Ferguson May 1, 2017 at 12:33 pm

    Mak’n sport…Think we dumb, but he just dumber than ROCK CEMENT….

    Reply
  32. Carson C. Cadogan May 1, 2017 at 12:39 pm

    Barbados is in good hands.

    Just don’t forget that. The BAJAN NEWS MEDIA is doing its best to fool the country that the meal that we are having today will be our last.

    The FACTS are far different.

    Reply
  33. Carson C. Cadogan May 1, 2017 at 12:41 pm

    BTW I should have added that the BAJAN NEWS MEDIA in conjunction with their friends in the Crooked Barbados Labour Party are simply leading Bajans by their fears.

    Reply
    • hcalndre May 1, 2017 at 1:44 pm

      @Carson C. C. I can now see why the fired governor did not held a press conference because he has a conscience and could not stand in front of the people and lie. This new gov. is just what they want to tell the people the lies they heard many times before. Remember at on time the economy was in good hands and there`s nothing to worry about. You heard that there was a light at the tunnel by the MOF, then you heard that the economy has turned around, at one time the unemployment was about 15% and now its under 10% just like that and where are these jobs? all that has happened is that the unemployed people are fed-up and stop looking for work, that don`t means that that they`re have found work. Would the bajan people believe a word that this administration say?

      Reply
  34. Bradg May 1, 2017 at 12:46 pm

    @CCC. Where did you buy that wool??????? The one covering your eyes and brain.

    Reply
  35. Stephen John
    Stephen John May 1, 2017 at 12:59 pm

    Stupesss

    Reply
  36. Sunshine Sunny Shine May 1, 2017 at 1:25 pm

    Political tricks to give people hope in their despair. Too much lies have been told by you all to believe anything.

    Reply
  37. Pat BB
    Pat BB May 1, 2017 at 2:12 pm

    “Dem Lied Party” doing what they do best….LIE.

    Reply
  38. Wayne R. Pilgrim-Cadogan
    Wayne R. Pilgrim-Cadogan May 1, 2017 at 3:17 pm

    ????????????????????

    Reply
  39. Ras Unjay
    Ras Unjay May 1, 2017 at 3:28 pm

    Dlp winning next elections talk wah wanna like

    Reply
  40. Shawn Phillips May 1, 2017 at 5:10 pm

    The economy is on the rebound but two days ago Stuart was telling Barbadias to tighten their belts and carry their own weight for the rough times ahead. These two seem not to be communicating or on the same page. Anything to stay in office .

    Reply
  41. Tony Webster May 1, 2017 at 6:21 pm

    Will the real man, the real leader…the one with two appendages in his nether region, plus a back-bone…please answer Sir Sandy’s simple question:

    ” How we get back here?”

    Reply
  42. BaJan boy May 1, 2017 at 6:57 pm

    This cu@$ Carson Cadogan had to bark. Bajans know exactly why University education costing so much. We have become too conscious and too intelligent fuh DEM….Tell this guvnuh we know why he coming wid that Shyte but we know when wolves come in sheep clothing and we don’t know him and don’t want to hear he,Sinkler,Sealy,Fundel none uh Dem…

    Reply
  43. Ann Thomas May 3, 2017 at 11:44 am

    Seems that April Fool’s day has come late this year.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *