Tuesday, May 18, 2004

Ja: Everything's coming up roses

"JAMAICA'S ECONOMY is on a growth path. We are past the recovery stage and our economy is firmly set to grow," says Dr. Wesley Hughes, director general of the Planning Institute of Jamaica (PIOJ).

Dr. Hughes was speaking at a quarterly press briefing, to give an overview of the performance of the Jamaican economy held at the PIOJ headquarters on May 17th. Looking back on the last fiscal year 2003/04, the PIOJ revealed that Gross Domestic Product (GDP), a measure of national production, was estimated to have grown by 2 per cent and Goods production increased by 2 per cent. The main sources of growth were Mining & Quarrying, Agriculture, Electri-city & Water, Finance & Insurance Services and Miscellaneous services.

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