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<"Where is Jamaica's economic growth now? Negative 0.3 per cent at the end of 2012, according to the Statistical Institute of Jamaica (STATIN), five (5) times worse than when the Jamaica Labour Party left it. Now is really the time to restore hope as you said in your presentation minister," he said in Parliament yesterday, referring to Finance Minister Dr Peter Phillips.......
Shaw, who was making his contribution to the 2013/14 Budget Debates at Gordon House in Kingston, took the Administration to task for the state of the Net International Reserves, which he said has declined to less than the benchmark of 12 weeks of imports at US$884.0 million — the lowest level in over 11 years — as well as the depreciating dollar, which yesterday stood at J$99.48 to US$1.00.
"Some companies are quietly cutting staff as they are unable to get foreign exchange to purchase raw materials. In consequence, prices have moved to new and unprecedented atmospheric heights, with the price of basic foods increasing at an alarming rate, much higher than the officially stated average inflation rate," Shaw said, noting that basic food prices have increased by a range of 20 to 60 per cent over the past 16 months.>
Read more: http://www.jamaicaobserver.com/news/...#ixzz2ROx3aiVX
And claffy still confuse about the difference between the JLP Govt and PNP Govt..
lol ! woiee !
Shaw, who was making his contribution to the 2013/14 Budget Debates at Gordon House in Kingston, took the Administration to task for the state of the Net International Reserves, which he said has declined to less than the benchmark of 12 weeks of imports at US$884.0 million — the lowest level in over 11 years — as well as the depreciating dollar, which yesterday stood at J$99.48 to US$1.00.
"Some companies are quietly cutting staff as they are unable to get foreign exchange to purchase raw materials. In consequence, prices have moved to new and unprecedented atmospheric heights, with the price of basic foods increasing at an alarming rate, much higher than the officially stated average inflation rate," Shaw said, noting that basic food prices have increased by a range of 20 to 60 per cent over the past 16 months.>
Read more: http://www.jamaicaobserver.com/news/...#ixzz2ROx3aiVX
And claffy still confuse about the difference between the JLP Govt and PNP Govt..
lol ! woiee !
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