OPM Says Businesses Thriving Under Pierre Administration

The Office of the Prime Minister (OPM) has responded to a recent Chamber of Commerce survey by declaring that local businesses are thriving under the Philip J. Pierre administration. The Chamber conducted the survey in February and March 2024, in which business community respondents reported a spike in sales and revenue. An OPM release said the survey results provided ‘irrefutable evidence’ of a strong economy. The complete release appears below: Local businesses and the private sector confirm they’re doing better under the Hon. Philip J. Pierre-led Administration. An independent business performance survey conducted by the Saint Lucia Chamber of Commerce, Industry and Agriculture provides irrefutable evidence of a strong economy and encouraging growth in the private sector. Sales drive growth, and profits build wealth for businesses. 77% of businesses said sales for Q4 2023 were higher than Q4 2022 68% of businesses expect profits to increase in 2024 Under the Pierre-led Administration, business confidence in the local economy is growing. That confidence is inspiring expansion in the private sector. 45% of businesses plan to boost investment in 2024 Increasing sales revenue, profitability, and high investor confidence in the local economy will create new jobs for many Saint Lucians. 35% of...