Job losses set to continue

Bridgetown.

The trend of job losses in Barbados  will continue until the end of  year, this is the expert view of the   Governor of the Central  of Bank, Dr Delisle Worrell.

Speaking at a press conference yesterday to discuss the Review Of The Barbados Economy For The First Nine months of 2011.

Worrell said,"It would seem that the trend of job losses will not be turned around until the next coming winter season.Providing that the season live up expectations, we should see some turn around".

He continued,"This continuing job loss has been of great disappointment to us. We thought that 2011 would have been the year that we would have built back from the situation where at the end  of 2010".

Worrel explained that tourism was the only sector that could provide enough funds to effect a turn around in the island's economic fortunes.

He however  warned, with the industrial economies on which Barbados' depended for foreign exchange showing down, the international investment climate remained very uncertain.