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Jamaica's Finacial Growth is Not Looking Good

by naya 11/15/2008 6:36:00 PM
In recent news top Jamaican Financial official Sen. Don Wehby said, "Jamaica is cutting its projected economic growth for next year from 3 percent to 1 percent." This is unfortunate news for the island, due to the fact that after Hurricane Gustav 79% of the island's plantain and banana fields were destroyed. Even though tourism rates went up almost 6% from last year the island is still going through some tough times. The government is making an investment in their tourism area such as Kingston, St. Ann, and Negril by providing $11 million dollars towards clean-up and tourism attraction renovations to places such as Crafts Market, according to the Associated Press.  What will bring this island back to life? The government needs to give the people a Stimulus Package or give Obama a call, maybe he can give them some pointers. But until then the country will have even harder times hopefully someone can come to their aid. 

 

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