Jamaica recorded largest quarterly economic decline since COVID-19 pandemic in October to December period last year

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More

UNDP Administrator Alexander De Croo to visit Jamaica this week

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More

NRSC urges faster reforms as road deaths threaten Jamaica’s working-age population

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More

SOE declared in Trinidad and Tobago

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More

Jamaica ranked 3rd most vulnerable country in the world to multiple natural hazards – ODPEM

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More

Opposition says expected fuel price increase due to Middle East war highlights need for renewable energy

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More

Nearly 2000 ailing Jamaicans supported under CHASE Fund Medical Assistance Programme; dialysis centre to be established in St.Ann

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More

Ministry of Fisheries officially launches Phase 2 of Fisheries Hurricane Melissa Recovery Programme

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More

Energy Ministry monitoring conflict in the Middle East

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More

Jamaicans living in the Middle East, anxious as conflict escalates

Jamaica recorded its largest quarterly economic decline since the COVID-19 pandemic in the October to December period last year.

There was a 7.5% contraction compared to the corresponding period in 2024.

The data was presented by Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, during the PIOJ quarterly review of the economy this morning.

Dr. Henry noted that although this represents the largest decline in recent years, the outcome was still better than earlier projections, which had anticipated a sharper contraction in the economy.

He said there was a better than initially anticipated outturn of some industries, partially reflecting the resilience and industriousness of businesses and individuals in rebuilding following the shock.

Read More