Eco­nomic Growth Prospects ‘Fair’ Says Cham­ber of Com­merce Busi­ness Per­for­mance Sur­vey

The Star (St. Lucia) - - LOCAL -

The ma­jor­ity of re­spon­dents to the Saint Lu­cia Cham­ber of Com­merce Busi­ness Per­for­mance Sur­vey for the pe­riod June 2016 to De­cem­ber 2016 rate eco­nomic growth prospects for their sec­tor (56%) and the econ­omy (60%) as ‘fair’. Th­ese are just some of the find­ings of the sur­vey of Cham­ber Mem­bers on the per­for­mance of their busi­nesses and out­look for the econ­omy.

The sur­vey which mea­sured busi­ness per­for­mance over a num­ber of in­di­ca­tors revealed that the main con­cerns of re­spon­dents to the sur­vey cen­tred on the state of the econ­omy, crime and gov­ern­ment bu­reau­cracy, borne out by 65% of re­spon­dents de­scrib­ing the cli­mate for do­ing busi­ness in Saint Lu­cia as ‘dif­fi­cult’.

The ex­pec­ta­tion for in­creas­ing em­ploy­ment dur­ing the next six months was seen as pos­i­tive by only 47% of re­spon­dents, while 53% of re­spon­dents ex­pect to keep em­ploy­ment lev­els the same.

Over­all 69% of re­spon­dents re­ported an In­crease in sales dur­ing the re­view pe­riod while 50% re­ported ac­tual sales be­ing higher than pro­jected sales dur­ing that time.

The Saint Lu­cia Cham­ber of Com­merce is pre­par­ing to con­duct an­other Busi­ness Per­for­mance Sur­vey this month which will re­view busi­ness per­for­mance for the first half of the year and at­tempt to gauge mem­bers’ views on the re­cently pre­sented 2017/2018 bud­get.

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