{"id":9588,"date":"2017-11-25T07:13:12","date_gmt":"2017-11-25T11:13:12","guid":{"rendered":"http:\/\/antiguanewsroom.com\/?p=9588"},"modified":"2017-11-25T07:13:12","modified_gmt":"2017-11-25T11:13:12","slug":"pm-forecasts-major-economic-growth-for-2018","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pm-forecasts-major-economic-growth-for-2018\/","title":{"rendered":"PM forecasts major economic growth for 2018"},"content":{"rendered":"
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Prime Minister Gaston Browne is anticipating a labour shortage next year as a result of his ambitious goal to grow the economy by at least 13 percent in 2018.<\/p>

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In an address at the Sir Novelle Richards Academy on Friday, Browne touted that 2018 would be the most \u201ceconomically buoyant year\u201d in the history of Antigua and Barbuda.<\/p>\n

\u201cWe expect to grow the country\u2019s economy next year by at least 12 to 13 percent,\u201d he told the crowd.<\/p>

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Browne said the vast growth would be as a result of a number of projects that will start in 2018.<\/p>

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\u201cFor example\u201d, he said, \u201cwe will spend approximately 90 million United States dollars to construct a new port facility. That will start in January.\u201d<\/p>\n

According to the prime minister, Senator Mary Claire Hurst and Manager of the Antigua Port Authority, Darwin Telemaque have travelled to China to sign off on the construction agreement.<\/p>

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He also spoke of a new hotel to be constructed at Valley Church Beach within the first quarter of next year. The 400-room hotel, Browne said, will require \u201cat least 800 construction workers.\u201d<\/p>\n

Notwithstanding the situation in Barbuda, the prime minister also guaranteed that his government would \u201cgrow the economy by five percent this year.\u201d<\/p>

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The projected growth Browne said \u201cmeans that the country is likely to have a labour shortage\u201d, as he called on female construction workers and other labourers to make themselves available to these opportunities.<\/p>

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Prime Minister Gaston Browne is anticipating a labour shortage next year as a result of his ambitious goal to grow the economy by at least 13 percent in 2018. In an address at the Sir Novelle Richards Academy on Friday, Browne touted that 2018 would be the most \u201ceconomically buoyant year\u201d in the history of […]<\/p>\n","protected":false},"author":3,"featured_media":3801,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,1,5],"tags":[],"class_list":["post-9588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured","category-news"],"yoast_head":"\nPM forecasts major economic growth for 2018 - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/pm-forecasts-major-economic-growth-for-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM forecasts major economic growth for 2018\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Gaston Browne is anticipating a labour shortage next year as a result of his ambitious goal to grow the economy by at least 13 percent in 2018. 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