Prime Minister Andrew Holness has pointed out that Jamaica is already doing what’s necessary to withstand global economic shocks, in the wake of advice from the International Monetary Fund, relating to impacts from the current trade war.

Speaking at an event in Parnassus, Clarendon yesterday, Holness cited comments by IMF Managing Director, Kristalina Georgieva, about expecting the economy to slow down, as well as some inflation.

She also expressed concern that in these situations, it’s small countries that are affected the most.

Holness noted that Jamaica has already been through a similar situation, in the 1970’s, which resulted in a debt crisis.

The prime minister pointed out that the country’s economy now is different from what it was then, mainly because of the push by his administration for Jamaica to be economically independent.

Holness added that the government is also putting in infrastructure to mitigate the impacts of climate change.