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The employers federation is worried about the declining state of the economy due to the covid-19 pandemic. The interim executive director is calling on government officials to use this defining moment to create safety nets. Businesses are reportedly on the brink and more Saint Lucians are headed to the unemployment line.
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The Eastern Caribbean Currency Union( ECCU) economy has been severely disrupted and will contract between 10.0 and 20.0 per cent in 2020 before starting to recover in 2021. The disclosure came as the Ninety-Sixth Meeting of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) was held on 24 July 2020, via videoconference. According […]

This article ECCU Economy Set To Contract In 2020 appeared first on St. Lucia Times News.

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“Let’s keep working,” was the rallying call from Prime Minister and Minister for Finance Honourable Allen Chastanet following an in-depth presentation on Sunday July 12th of Saint Lucia’s Economic Recovery and Resilience Plan. “We have laid the groundwork for success and COVID-19 will only cause us to push harder, be more ambitious and determined,” said […]

The post Saint Lucia Government says Economic Recovery and Resilience Plan “Focuses on...

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Independent senator Adrian Augier has issued a dire warning about the fate of the Saint Lucian economy amid the global crisis. Augier is calling for better coordination and a more coherent policy to restart the key tourism based economy. The lawmaker believes that thus far, the response to the crisis has been poorly managed, ungainly …
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