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Jamaica Economy Contracted 0.9% in 4Q

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  • #16
    Originally posted by Rockman View Post
    My gripe is not with the PNP being labeled incompetent but with Portia being criticized unfairly.
    Sure she is the PM, but would any other PM make the needed changes?
    Those people did not just drop suddenly out of the sky, they were there before and likely will be there under a different leadership too.
    She is being called the worst for not making unprecedented moves(the likes befitting of the best).
    Unfairly? Of the entire cabinet Portia has to be the most incompetent. How is being how about her, judging her unfairly? Rockman a wha duh yuh?
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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    • #17
      Originally posted by Hortical View Post
      Jamaica Economy Contracted 0.9% in 4Q From Year Earlier
      By Bill Faries - Mar 28, 2013 5:24 PM ET

      Statistics agency says GDP contraction was 0.9%, wider than earlier reported by Finance Ministry. Contraction led by 3.9% decline in industrial production Hurricane Sandy impact of $9.7 bln also hurt economy

      NOTE: Jamaican dollar has tumbled 5.7% YTD, the worst performance among 21 economies in Central America and Caribbbean.

      To contact the reporter on this story: Bill Faries in Miami at wfaries@bloomberg.net

      ---
      Bloomberg
      Peter phillips needs to be fired. not only is he incompetent in the extreme but he has outright lied to parliament several times over the IMF issue. His continued presence is not only embarrassing but a clear and present danger to the economy and our prospects of recovery.

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      • #18
        Originally posted by Rockman View Post
        Is this a condemnation of the PNP or Portia?
        Economic figures are attributed to Finance Ministers, are there no consequence to natural disasters...,is she being treated unfairly?
        Yes she is being treated unfairly. But not in the way you think. Portia is being cynically used to keep the PNP in power when she is a woefully inadequate PM. I would have thought that they would have a least protected her image. But they don't care because they rely on the faithful like you who need not be shielded from incompetence because of blind devotion. She needs to fire Peter Phillips and replace him with the other Peter. It will be a start and a powerful signal to the less committed that she is about to get serious on the economy. I really don't understand why she doesn't.

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