By the end of April, country’s economy is likely to see a downturn, Dr. Daniel forecasts

Antigua & Barbuda is likely to experience an economic downturn
as early as the end of this month, predicts Dr. George Daniel,
former university lecturer, as he commented on the state of the
country’s economy on Thursday, April 4.

According to Dr. Daniel, the Small Island Developing States
Conference in May and the eight International Cricket Council
(ICC) Men’s T20 World Cup matches that are scheduled to be
played here in June will likely offer a buffer.

However, he forecasts that the full effect of the economic
slowdown will be felt by July, when the cruise-tourism sector will
slow down considerably.

Asked if he believes the Carnival festivities could significantly
impact the economy, Dr. Daniel says he is not optimistic about the
prospects.

Given that, over the years, the economic contribution of Carnival
has not been quantified – coupled with the inordinate length of
time that stakeholders have to wait to get paid – Dr. Daniel says
the festivities are more likely to be an additional source of expense
for locals, rather than additional income.