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Jamaican Economy Contracted In September Quarter, Says BOJ

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After four consecutive quarters of growth, the Jamaican economy is estimated to have contracted in the September 2014 quarter, largely due to the impact of drought on agricultural crops and production of water, said Brian Wynter, governor of the Bank of Jamaica (BOJ).

The central banker did not state the level of contraction, but the Planning Institute of Jamaica is expected to release its estimate today.

The BOJ governor said the economy is projected to recover at an accelerating pace over the next four quarters, starting in December.

Published in the Gleaner
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