News
UK @ risk of recession after economy shrinks
LONDON, United Kingdom- The United Kingdom (UK), ‘the mother country’, is at risk of recession after revised figures showed the economy shrank between July and September.
Borrow for boom or bust?
Dickson Igwe
The recent ten to two vote in the Virgin Islands Legislature allowing for the establishment of the Disaster Recover Agency, is a vote for transparent, accountable, equitable, measured and well audited governance.
The road from Soup Kitchen to El Dorado
Dickson Igwe
Understanding the road to and from recession is critical for a Virgin Islands that must recover from three major natural disasters that beset the country in September 2017. Economics holds the solutions to a full recovery.
Economic recovery: The austere way
Dickson Igwe
The floods and hurricanes of September 2017 were the worst disaster to visit the Virgin Islands since the 1800s. The month of September 2017 was a crossroad for the Virgin Islands. The disasters of the month were an inflection point: a time of great change.
The Brexit economy: A layman’s view
Dickson Igwe
Now, this economics layman was never in favour of Brexit. He enjoys and values his status as a Virgin Islands Citizen, British Citizen, and a Citizen of Europe. He doesn’t fancy having to apply for a visa to visit Paris and Vienna, add Rome and Barcelona, which he intends to do some day. He would never have had to apply for a visa before Brexit: after Brexit he might just have to.
Green shoots & the feel good factor!
By Dickson Igwe
During a recession or a long period of economic stagnation, the "green shoots" of recovery are a sign of better times ahead. These green shoots begin with increased consumer spending. An increase in consumer demand points to rising consumer confidence. The Green Shoots Phenomenon starts with a general feeling of optimism.
Brazil's economy falls into recession, latest figures show
BBC NEWS
Brazil has fallen into recession, just a month before the general election, latest figures show.
Premier flip-flops again! Now admits VI in a recession!
ROAD TOWN, Tortola, VI- After being the bud of jokes by the business community and ordinary citizens for months for claiming the economy was “robust and getting better”, the Premier and Minister of Finance, Dr. the Honourable D. Orlando Smith, has now admitted in the House of Assembly today November 19, 2013 that the Virgin Islands is in a recession.
VI sat on its hands during recession – Commentator
ROAD TOWN, Tortola, VI – Commentator and host of the Umoja Show, Cromwell Smith aka Edju En Ka believes that the Virgin Islands (VI) sat on its hands during the recession period and failed to prepare for the future, especially with regard to the tourism sector.
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