ST.GEORGE Grenada, October 30th 2012 -- Members of Her Majesty’s Opposition continues to express serious concerns about the rapidly increasing rate of unemployment in Grenada. Since the NDC assumed office the unemployment rate has grown steadily from just over 20% in 2007 to over 40%, in 2012.
Leader of Her Majesty’ Opposition, Dr. the Rt. Hon. Keith Mitchell is extremely concerned over the growing numbers of ordinary Grenadians who have been laid off from several well-established businesses across various sectors in recent weeks. This he said is a reflection of the terrible state of the economy which continues to deteriorate as a consequence of the faulty economic policies of the government and its refusal to put mechanisms in place to address the country’s economic woes.
According to Dr. Mitchell, the significant job losses and salary cuts in recent weeks are having far-reaching implications for many families island wide. He said more and more families are unable to meet their financial obligations resulting in the loss of several homes, lands, and vehicles. Additionally, many are unable to provide the basic needs for their families such as food.
While the Opposition understands the need for businesses to restructure their expenses, members strongly believe that government has a responsibility to put structures in place to ensure that the environment and economic conditions are suitable for doing business. The mismanagement, political instability and faulty economic policies of the government have failed to acheive this.
Her Majesty’s Opposition therefore calls on Government to take urgent action to address the growing unemployment situation in Grenada, since if it continues to increase, our country will face severe social, political and economic consequences.
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