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JA economy flat/negative as a COVID-induced recession looms

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  • JA economy flat/negative as a COVID-induced recession looms

    Growth was flat for the fourth quarter — STATIN
    Services grew, but mining plummeted

    Friday, April 03, 2020 3 Comments

    Total value added for the Jamaican economy was $197,013 million for the fourth quarter of 2019. This remained relatively unchanged when compared to $197,086 million for the similar quarter of 2018. The services industries grew by 1.2 per cent, while the goods producing industries declined by 3.7 per cent.

    All industries within the services industries grew: electricity & water supply (2.8 per cent), wholesale & retail trade; repairs; installation of machinery & equipment (0.7 per cent), hotels & restaurants (3.7 per cent), transport, storage & communication (0.5 per cent), finance & insurance services (3.3 per cent), real estate, renting & business activities (0.7 per cent), producers of government services (0.2 per cent) and other services (1.4 per cent).

    Within the goods producing industries, the mining & quarrying and construction industries declined by 40.4 per cent and 1.9 per cent, respectively. Higher levels of output were however achieved in agriculture, forestry & fishing (3.9 per cent) and manufacturing (0.4 per cent).
    TIVOLI: THE DESTRUCTION OF JAMAICA'S EVIL EMPIRE

    Recognizing the victims of Jamaica's horrendous criminality and exposing the Dummies like Dippy supporting criminals by their deeds.. or their silence.

    D1 - Xposing Dummies since 2007

  • #2
    Crickets.....

    Originally posted by Don1
    Growth was flat for the fourth quarter — STATIN
    Services grew, but mining plummeted

    Friday, April 03, 2020 3 Comments

    Total value added for the Jamaican economy was $197,013 million for the fourth quarter of 2019. This remained relatively unchanged when compared to $197,086 million for the similar quarter of 2018. The services industries grew by 1.2 per cent, while the goods producing industries declined by 3.7 per cent.


    TIVOLI: THE DESTRUCTION OF JAMAICA'S EVIL EMPIRE

    Recognizing the victims of Jamaica's horrendous criminality and exposing the Dummies like Dippy supporting criminals by their deeds.. or their silence.

    D1 - Xposing Dummies since 2007

    Comment


    • #3
      Not much to comment on tho. I guess Andrew has a plan to fast track the economy once COVID is under control.


      BLACK LIVES MATTER

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      • #4
        I would imagine Holness will now see the need to upgrade our hospitals to first world status(just like the propose..Parliament building), (re)implement free healthcare , and move from a tourism based economy ...

        Comment


        • #5
          Originally posted by Mosiah View Post
          Not much to comment on tho. I guess Andrew has a plan to fast track the economy once COVID is under control.
          I guess so. Seems that the 5-in-4 plan was a total hoax
          Last edited by Don1; April 12, 2020, 08:09 PM.
          TIVOLI: THE DESTRUCTION OF JAMAICA'S EVIL EMPIRE

          Recognizing the victims of Jamaica's horrendous criminality and exposing the Dummies like Dippy supporting criminals by their deeds.. or their silence.

          D1 - Xposing Dummies since 2007

          Comment

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