On August 27, I wrote a letter to the editor entitled, “Spin Doctors on Parade,” about the state of affairs of St Vincent and the Grenadines (SVG) economy. I described SVG’s economy as abysmal in which negative economic growth dominates the country in the last four years. I further questioned the International Monetary Fund (IMF) 2012 projection of a 2.0 percent growth for SVG.
Well, who told me do that! The spin doctors got on my parade too. They questioned my citizenship, my eye sight, my common sense and even my manhood. But I stand by what I wrote about the SVG’s economy and the 2.0 percent 2012 projected growth.
The latest updated IMF report on the 2012 SVG’s economic growth indicates below 1.0 percent. Please take note, below 1.0 percent can also suggest zero or negative growth.
In their haste, they did not spend the time to look at SVG’s economy and my points such as the downturn in tourism and agriculture and how these two sectors truly affect growth in SVG.
For example, agriculture is way down, in particular banana production. Black Sigatoka disease has continued to destroy the banana industry to the point that in the first nine months we have less than seven hundred thousand dollars total from banana exports. This is an industry that averages about five million dollars a month in the past.
The government cannot threaten to close down businesses that did not or were perceived as not supporting them in the general elections then somehow expect private businesses to invest or expand in SVG. They may as well come out plain and say to any potential or current investors, we are going to nationalize your business if you have a free thinking mind.
Furthermore, there are additional burdens placed on citizens from increases in fees and taxes by the government. In reality, these are austerity measures on the people that retard growth in SVG.
However, I was flabbergasted that they were unaware that private businesses were leaving our shores for greener pastures. Plus, the government has been owing the private sector millions of dollars for several years.
The spin doctors characterized myself and others as Doubting Thomases, doom and gloomer, pessimist, naysayer, cynical and even a dog when responding to the letter entitled “Spin Doctors on Parade
How are the spin doctors going to spin the updated 2012 projected growth? In the long run, reality always trumps politicking!
Peace and justice and get real.