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Old September 14th, 2020, 06:55 AM
Reggaedoc Reggaedoc is offline
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Join Date: Apr 2010
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Quote:
Originally Posted by Jangle View Post
Controversy is brewing over the real value that the tourism sector adds to the overall economy.

Economist Dr Damien King suggested that the second-quarter data on the economyís performance during the COVID-19 pandemic were proof that tourism did not contribute as much as one-third of the economy, as was previously thought.

But deputy chairman of the Sandals Group, Adam Stewart, suggested that Kingís mathematics was simplistic and did not take into account other realities.

According to Stewart, many workers in the sectors continue to be paid while receivables are still being collected in the sector.

http://jamaica-gleaner.com/article/l...-worth-economy
An economist's mathematics is simplistic?. Receivables are still being collected by hotels that never had guests?. It would be interesting to hear these explained in detail.
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