GOJ failure continues unabated.. Damn that Recession

[Don1]

1.2% contraction in the economy in 2010


Preliminary data from the Statistical Institute of Jamaica (STATIN) reveal that the Jamaican economy contracted by 1.2% in 2010.

A release from STATIN said the economy was impacted by the slow pace of recovery in the global economy, severe drought conditions during in the first two quarters, and Tropical Storm Nicole in September.

The fall in consumer demand also affected the performance of several service industries.

During the fourth quarter of 2010 all service industries except for hotels and restaurants and producers of Government services declined.

Hotels and restaurants grew by 5.8% due mainly to the performance of resorts and other short stay accommodations.

http://rjrnewsonline.com/business/12...n-economy-2010

[Me]

Seems that Assassins friend is doing a good job.

[Muadib]

Don Lyad propaganda continues unabated....

[Muadib]

Timing is everything....

Read em and weep Don Lyad

“Headline inflation for the month of February was minus 0.4 per cent. With January’s decline of 0.2 per cent, inflation for the 11 months of the fiscal year-to-date is 6.7 per cent. It is now quite clear that the target for fiscal year 2010/11 is likely to be comfortably achieved,” he said.

The Governor attributed the weaker than projected performance of the economy in terms of Gross Domestic Product (GDP) growth last year to the adverse local and international weather conditions and the temporary fall-out that the economy experienced, particularly of the tourism sector, from the disturbance in West Kingston in May last year.

Looking forward to the next 12 months, the Central Bank expects that with lower interest rates and an abundance of credit resources, there will be an increase in investments in the productive sectors of the economy.

“In this regard, the Central Bank is projecting gradual recovery in the coming fiscal year with GDP growth expected to be in the range of 1.0 to 2.0 per cent,” the Governor said.

Nice platform fi 2012.. di run.wid... I mean Stimulus Package year dat gwine coincide wid di 50th Anniversary Independence...

Timing is everything.... mi nah sarry fi yuh and yuh household...

http://www.jis.gov.jm/news/104-finan...nomy-will-grow

[Don1]

good luck Mousedib

[Muadib]

Tenks Don Lyad....

[Don1]

Nuh worry yuhself Mousedib...keep hope alive... One Liad ave one legit shot iin 2012... di govament trough mighta still safe