JAMAICA’S economy shrank by 0.3 per cent in the 2014 fourth quarter, but should see a recovery of up to 1.5 per cent over the January to March 2015 period, said the Planning Institute of Jamaica (PIOJ).
The economy contracted, reflecting declines in agriculture, forestry and fishing, manufacturing, mining and quarrying, electricity and water supply industries. The decline was due to an estimated dip of 3.7 per cent in the goods producing industry. Meanwhile, the services industry was projected to have increased by 0.7 per cent, according to PIOJ statistics.
Published in the Observer
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