(Barbados Nation) Barbados’ economy is in imminent danger, head of the private sector association, John Williams said.
And he warned that if drastic action is not taken to flip the downward economic trend, there could be more pain for Bajans to feel.
“Things now are not normal. Although our entire society is not in imminent danger, our economy clearly is,” Williams told a hushed meeting of tripartite Social Partnership.
Williams’ story of woe came moments after he was introduced by Prime Minister Freundel Stuart.
It was the first full meeting of the Social Partnership for 2013, and the first since November last year.
Held at Hilton Barbados, the meeting was attended by the Cabinet, main trade union leaders, and special guest, president of the Barbados Cooperative Credit Union League, Hally Haynes.
Williams spoke about the problems facing the economy as it tries to resist collapsing under the weight of the worldwide recession.
