Latest statistics released by the Bank of Jamaica
indicate that the island-nation's economy remained in recession during the first quarter of 2013, however, the economy was predicted to stabilize during the second quarter of the year.
The Central Bank estimated that the economy shrank in a range of 0.2 percent to 1.2 percent in the first quarter of 2013, however, conditions are expected to improve in the second quarter as growth rate is forecast to be flat in a range of negative 0.5
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