The local economy is projected to grow by more than six percent next year.
That is according to Premier and Minister of Finance, Dr D Orlando Smith.
Dr Smith said the economy will grow through government’s efforts to contain its operational costs, increase the territory’s revenue base, and invest in recovery and development.
The Premier said he is also banking on a revived tourism industry.
“As our tourism sector recovers its landslide hotels, and villa properties repaired and rebuilt; we anticipate increased tourist arrival numbers in 2019. With the recovery of tourism and sustained performances of financial services, we anticipate real GDP growth of 6.4 percent in 2019,” Dr Smith said.
However, his projection of growth can only materialize if the territory ‘keeps things moving positively’.
He said the territory needs to “have a sustainable recovery and development process over the coming months”.
The Finance Minister said that involves providing infrastructure that is vital to the successful operation of local industries.
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