Jamaica's Economy

By Anonymous

 By Montauvis Johnson- November 4, 2020

Jamaica"s econmoy is suffering because of the people inherited a huge national debt, much of it borrowed in the markets at interest rates that have sometimes topped 20%. Just servicing this eats up about 60% of government revenues. Then came the world recession, which has hit tourism, bauxite and remittances from Jamaicans abroad, the island's three big foreign-exchange money makers.  the country's biggest bauxite operator, has shut most of its Jamaican mines because of low world prices. With tax revenue down and privatisation plans stalled, the fiscal deficit has soared


Citations

"Unfixable? Gloomy Jamaica." The Economist, vol. 393, no. 8657, 14 Nov. 2009, p. 65(EU). Gale OneFile: High School Edition, https://link.gale.com/apps/doc/A211826719/STOM?u=tel_s_tsla&sid=STOM&xid=d04529e3. Accessed 6 Nov. 2020.



Comments

Post a Comment

Popular posts from this blog

Greece Economy

By Anonymous
Image
They   Tourism, the growing service sector, a vital source of income. The main agricultural products are wheat, corn, barley, sugar beets, olives and olive oil, tomatoes, wine, tobacco and potatoes. A large number of sheep and goats are raised.   The husband headed the household in ancient Greece and was responsible for its members. The wife ran the household and raised the children. In prosperous families, the wife supervised slaves, who looked after the children and did most of the work. Women also spun thread and wove cloth, even in wealthy families. A woman was under the legal control of her father before she married. After marriage, she was under the legal control of her husband. WBO Student | Article As Europe remains in the grip of the coronavirus pandemic, one country is slowly winning its battle. In the story of unlikely successes, few could have guessed that Greece would emerge as an outlier.  The first death was recorded on March 12. Twenty-six days after ...
Read more

Israel QOL Date

By Anonymous
                                  Israel Demographic Data Birth Rate Death Rate Infant Mortality Rate Literacy Rate Life Expectancy GDP per Capita 17.6 5.3 3.3 97.8% 83 $36,400                                                   Israel Quality of Life Israel has a high quality of life because the death rate and the infant mortality rate were low and the literacy rate and life expectancy and the GDP are high. This shows that people in Israel have access to healthcare and education.  this shows that people in Israel have access to healthcare because they have low rate for Death rate and Infant mortality rate. they have education because they have high  Life expectancy and Literacy rate and GDP per capita.                   ...
Read more