According to the PM, the economic prognosis is not as dire as might have been expected. He told us today that the GDP growth is much more than what was projected.
Hon. John Briceno, Prime Minister
"The economy is doing much better than most people expected. As mentioned earlier, the IMF was projecting the Belize was going to have a 2% rate of GDP but from all indications that we can see right now, we expect to have a growth rate of about 6%."
"In the second quarter we saw growth of over 23% growth and to me what's exciting is for the first time in very long time, Agriculture led the growth. Certainly tourism was close next to that, the services sector, the BPO's have been close so we're doing the right things and we're starting to see the benefits of the decisions we made as soon as we got into government."