'Don't forget investment' because of coronavirus, Chamber says
"This was our priority ahead of the February election," the Chamber's CEO Allan Shine said in a statement at the weekend. "This has not changed, and in many ways, is now more important. The economy will not recover unless it is sustained through public spending and investment.”
Mr Shine was welcoming the compression of the 'Roadmap to Re-Opening the Economy' to four stages instead of five, in advance of today's arrival at Phase 2.
He acknowledged that 'it is no easy task' getting the balance right between supporting the economy and livelihoods while also protecting public health.
"Businesses have suffered immense economic damage over the past two to three months. They will require as much financial support from the State in these phases as they did during the lockdown. If this support does not materialise, we risk permanently losing jobs, and job creators, over the coming months."
Mr Shine called on Government to work with business in determining what interventions will be required to support different sectors, including retail, manufacturing, tourism, and hospitality.
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