PM Browne: Inflation Cooling as Economy Gains Momentum

Prime Minister Gaston Browne has announced that Antigua and Barbuda’s inflation rate is showing signs of easing, marking a significant turnaround after months of economic challenges. Speaking on the Browne and Browne Show on Pointe FM, Browne highlighted that inflation decreased by 0.5% in June and is projected to stabilize at around 3% by early next year. This development follows a period when inflation soared to double-digit figures, reaching as high as 9–10%. Browne emphasized that the current trend reflects a sharp improvement, with key economic indicators now pointing toward sustained stability and growth. He attributed this progress to the government’s robust policies, including fiscal discipline, strategic investment attraction, and effective post-pandemic recovery measures. Browne also noted that per capita income is on the rise, and the nation’s economy is performing well across all metrics. Looking ahead, the government plans to shift its focus beyond economic growth to encompass social and environmental development, aiming to enhance the overall quality of life for citizens. Initiatives will include strengthening education, healthcare, and community infrastructure while maintaining growth across various sectors. Browne’s optimistic outlook underscores Antigua and Barbuda’s resilience and its position as one of the region’s most stable economies.