Thursday, November 15, 2012

Jamaica: Economy to contract as a result of Hurricane Sandy - BoJ

The Jamaican central bank is projecting that the economy will contract in the current quarter as a result of the negative impact of Hurricane Sandy.

Bank of Jamaica (BoJ) governor, Brian Wynter, told the bank's quarterly briefing Wednesday morning that this will result in economic output in the December quarter contracting between point seven and minus 1.7 percent.

Wynter says the negative outlook is influenced by preliminary estimates of the damage caused by the Hurricane on both the

More details here...

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