Bryan Expresses Concern Over Stock Market Instability and Tourism Slowdown, Urges Economic Action

As global economic conditions show signs of instability, Governor Albert Bryan Jr. said late Wednesday that his administration is taking steps to safeguard the Virgin Islands’ economy. He stressed the importance of proactive planning to protect businesses, workers, and residents from potential financial strain. Pointing to stock market fluctuations and major airlines signaling possible reductions in travel demand, Mr. Bryan has directed his administration to assess how these global shifts could impact key areas, including tourism, household costs, and overall economic stability. Recognizing the potential ripple effects on local businesses and employment, the governor said he is pushing for early intervention to maintain the territory’s economic momentum. Inflation, a key driver of rising costs for goods and services, has recently eased on the U.S. mainland, in part due to a decline in fuel prices. However, this relief may be short-lived. The reintroduction of Trump-era tariff policie...