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St. Vincent and the Grenadines braces for major economic fallout from COVID-19

St. Vincent and the Grenadines' Minister of Finance Camillo Gonsalves has warned that the COVID-19 pandemic will result in major economic fallout for the country.
 
Mr. Gonsalves told Parliament that the COVID-19 pandemic is much more than a grave threat to the health of Vincentians.
 
The minister said St. Vincent and the Grenadines is facing a collapsing tourism sector and global recession.
 
Parliament on Tuesday night approved the National Recovery and Stimulus Plan, which the minister said exceeds EC$85 million, approaching four per cent of gross domestic product.
 
Even as Parliament was still debating the package, the country recorded its eighth confirmed case of COVID-19. 
 
More than 400 people are in quarantine.


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