Economy Facing $1bn Bodyblow, Turnquest Tells House

Thu, Mar 19th 2020, 07:00 AM

DESPITE a projected total economic fallout of as much as $1bn from the COVID-19 pandemic, the government has announced several relief measures for workers in the tourism industry who will be most affected by the virus’ global impact. Facing a reality that tourism will be massively affected, resulting in a halt of visitor arrivals, Finance Minister Peter Turnquest said yesterday the Minnis administration will provide a safety net for self-employed and those directly employed by the industry as the nation rides out this turmoil together. The measures, the deputy prime minister said, are merely the government’s phase one response to the pandemic, as he stressed there were no plans at this time to borrow additional funding but he could not rule it out in the future.

Click here to read more at The Tribune

 Sponsored Ads