The IoD has made comment on the newly released Economic Development Strategy by the States of Guernsey.
In a short statement, it claims to be generally supportive of its strategies, with some positive comments regarding the island’s infrastructure.
The statement says:
“The IoD is pleased to see the release of the Economic Development Strategy, and we are broadly supportive of its aims and strategies. It is positive to note the Committee’s reaffirmation of the State’s commitment to invest 3% of GDP into infrastructure and the recognition that we need to increase the number of economic actively people on the island.
These are two themes consistent with the IoD’s views and also supported by the latest Economic Overview published on 22 May which shows sluggish growth and overall net emigration in 2017.
The success of the plan will be in the ability of the States to turn these strategies into action. As we have previously noted the States have plenty of dry powder and this Strategy should provide the framework for its deployment.
This Strategy and Guernsey’s economic vision is central to our members’ interests and we will be an active participant in helping to bring these strategies to life.”