PM says economy grew by 6.5 per cent last year


Prime Gaston Browne says Antigua & Barbuda economy grew by 6.5 per cent in 2016, the highest in the western hemisphere.

Browne told parliament that the Eastern Caribbean Central Bank recently reviewed its growth figures for the country which was previously 4.3 per cent.

“This is remarkable” Browne who is also finance minister told the Lower House.

According to him, the high growth rate is due to “raw competence and performance by this administration.”

Making reference to the period of growth under the former government, the Prime Minister said “we had no Cricket World Cup” to fuel growth.

Browne who admits that he was surprised when the central bank announced earlier that that rate of growth was only 4.3 per cent.

“Because last year we had a record year in tourism performance…we had an increase in consumption so it must have been more than 4.3 per cent.”

In the 2017 budget, Prime Minister Browne said the Antigua and Barbuda economy has shown such spectacular growth in 2016 due to strategic and sustainable policies that have created a stable economic climate of very low inflation and robust growth and development.

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