Labour Market Forum 2010 - Planning Institute of Jamaica

evenues which led to the ending of GOJ low risk high
return treasury bills.
All together, the downward trend in these key indicators
resulted in both private and public sector operating in a
contracting fiscal and economic environment.
In 2010, this
shrinking fiscal space was exacerbated by further
unprogrammed expenditures associated with the
o May 2010 Security Operations in West Kingston at
$22,5 billion. The total impact represented some 2.1%
of 2009 current GDP and 50.0% of tourism GDP; and
o Tropical Storm Nicole in September 2010 at a cost of
$20.6 billion. The cost of the impact of this storm was
equivalent to 1.9 per cent of current (2009) GDP,
and somewhat similar to the 2.1 per cent of GDP
occasioned by the impact of Tropical Storm Gustav
in 2008, which cost approximately US$214 million,
and
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