Jamaica
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2008-2009 , pp 251-256
- Publication Date: September 2011
- DOI: https://doi.org/10.18356/1beaea42-en
- Language: English
During 2008, the economy of Jamaica suffered the effects of the worldwide economic downturn through lower export demand, falling commodity prices, slowing in tourism and related economic activities, and stagnation of remittances from abroad. The real economy contracted by an estimated 0.6% and the unemployment rate rose from 9.9% to 10.9%. External accounts deteriorated during 2008, with widening trade and current account deficits and a steady loss of international reserves, raising concerns about exchange rate stability and debt sustainability. The fiscal deficit expanded dangerously, fuelled by lower-than-expected fiscal revenues.
© United Nations
ISBN (PDF):
9789210549127
Book DOI:
https://doi.org/10.18356/1659750f-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Jamaica
-
From This Site
/content/books/9789210549127s007-c008dcterms_title,dcterms_subject,pub_keyword-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution105
/content/books/9789210549127s007-c008
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5