In addition the country boasts a small but growing cadre of skilled professionals, and highly competitive support services and infrastructure. Barbados’ growth strategy, led by our private sector, supported by reformed Government services, incentives and infrastructure, will yield steadily improving, sustainable growth over the medium term. However, for 2014 the priority remains economic stabilisation and fiscal consolidation.
If we lift our growth rate to say 5 percent per year we will double the size of our economy in 20 years and that is a huge 30 year difference. If we can even grow by 8 percent per year, we can do the same in only 12 years. So the difference can be a lifetime.