(Dominica News Online) Prime Minister Roosevelt Skerrit has announced that despite the economic downturn caused by COVID-19, the economy is showing signs of recovery.
Speaking during a recent cabinet press conference, the finance minister announced that although the economy has not gotten back to where it was pre-pandemic, progress is being made.
“As you know our economy was projected to grow by 5.6% in 2020, following another 9.7% the year before with a number of capital projects that were on stream but here came the pandemic,” he pointed out.
While he notes that the economy is not doing as bad as it was in the early stage of the pandemic, he disclosed that we’re not bringing in the revenue that we were bringing in at the same period in 2015.
“But we are seeing progress,” Skerrit stated. “We are seeing improvement in the economy, and of course we are marking this from the revenues coming from the income tax and the value-added tax.”