The Grenada government is reporting a significant increase in the number of persons employed in Grenada.
“Today, hope has returned and as the economy improves, more and more people are seeking work and finding work — a very good sign,” said an upbeat Prime Minister.
“Indeed, the number of persons employed has increased from 37,365 in 2013 to 41,046 in 2014 — an increase of 3,681 persons.”
For the third year in a row, Grenada’s economy is expected to outstrip the Eastern Caribbean Currency Union’s average of 1.9% growth. This is expected to be fueled by a revised local growth rate of 5.1%, faster than originally projected.
“The main drivers of this growth performance are construction, agriculture, tourism, and education. After contracting in 2014, construction had rebounded well,” announced Prime Minister Dr Keith Mitchell, while presenting the 2016 Budget in Parliament on Wednesday.