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Based on data prepared by the Bank of Jamaica:
* The fiscal balance was in surplus in 1989 ($257.6 Ja mn). This was the lowest fiscal deficit since Independence.
* In 1989, inflation was 6.7 per cent. This level of inflation was five per cent lower than that of 1979. Note that 1989 was the year after Hurricane Gilbert.
* The investment ratio was the highest in 12 years (20.6 per cent -- 1987);
* Some 100,000 jobs were created between 1985 and 1989, the largest amount ever in a five-year period.
* Unemployment rate (18 per cent) was the lowest in 17 years.
* Within a 14-year period, 1973-1987, economic growth reached its highest level.
* Real GDP growth rate was eight per cent in 1987 and seven per cent in 1989.
* In the 1972-1980 period, GDP growth was negligible in two years and negative in every other year.
Now wi si what Comrades call disastrous it mek sense how dem run tings when dem in charge..
lol ! woiee ! Mi belly !
* The fiscal balance was in surplus in 1989 ($257.6 Ja mn). This was the lowest fiscal deficit since Independence.
* In 1989, inflation was 6.7 per cent. This level of inflation was five per cent lower than that of 1979. Note that 1989 was the year after Hurricane Gilbert.
* The investment ratio was the highest in 12 years (20.6 per cent -- 1987);
* Some 100,000 jobs were created between 1985 and 1989, the largest amount ever in a five-year period.
* Unemployment rate (18 per cent) was the lowest in 17 years.
* Within a 14-year period, 1973-1987, economic growth reached its highest level.
* Real GDP growth rate was eight per cent in 1987 and seven per cent in 1989.
* In the 1972-1980 period, GDP growth was negligible in two years and negative in every other year.
Now wi si what Comrades call disastrous it mek sense how dem run tings when dem in charge..
lol ! woiee ! Mi belly !
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