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PIOJ says GDP grew by 0.1% from October to December

The Planning Institute of Jamaica (PIOJ) is reporting that real Gross Domestic Product (GDP) for the October to December quarter of 2019 is estimated to have grown by 0.1%, relative to the corresponding quarter of 2018.
 
The PIOJ says this represents 20 consecutive quarters of growth in the economy.
 
One of the issues impacting the out-turn during the quarter was an increased external demand from Jamaica's main trading partners, which supported increased exports of some goods and services.
 
Further growth was stymied by the winding down of major construction projects and the slow roll-out of new strategic investment projects; and plant downtime due to aged equipment in several industries.
 


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