Bloomberg News

Jamaican GDP Contracted 0.6% in Third Quarter on Mining Decline

November 21, 2012

Jamaica’s economy contracted 0.6 percent in the third quarter from the same period last year, led by a drop in mining production, the Finance Ministry’s planning agency said.

Economic growth for the Caribbean island will “remain challenging” during the last three months of 2012 because of damage from Hurricane Sandy, the agency said yesterday on its website.

To contact the reporter on this story: Eric Sabo in Panama City at esabo1@bloomberg.net.

To contact the editor responsible for this story: Bill Faries at wfaries@bloomberg.net.


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