‘Jamaica out of recession’
Aug 29, 2013
KINGSTON, Jamaica, Observer - THE Planning Institute of Jamaica (PIOJ) estimates that Jamaica has exited the recession. The State agency is projecting economic growth in the range of 0.5 per cent to 1.5 per cent for the current quarter, which ends September 30. "There is an expected return to positive performance for most industries reflecting a resurgence in output following the impact of Hurricane Sandy," said Colin Bullock, director general of the PIOJ, at the organisation's quarterly press briefing held yesterday.
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