BMI Research: Latin America Monitor: Caribbean Monitor: Remittance Collapse To Hurt Growth

August 2009
Latin America Monitor: Caribbean Monitor;Aug2009, Vol. 26 Issue 8, p5
Country Report
This article offers an outlook for real gross domestic product (GDP) of Jamaica in 2009. Business Monitor International (BMI) expects a contraction in real GDP growth. BMI attributes the contraction to a decline in foreign remittances that will be a major contributor to falling private consumption. The firm notes that private consumption represents 83 percent of the country's GDP.


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