Friday, June 1, 2012

Jamaica: Economy grows by 0.6% in last quarter

The Planning Institute of Jamaica (PIOJ) has reported that real gross domestic product (GDP) grew by an estimated of 0.6 percent for the March quarter, notwithstanding the dramatic drop in mining and quarrying activity that ended a two-year growth streak.

The agency also projects that growth within the second quarter ending June will fall within a range of 0.5 percent and 1.5 percent.

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