24.05.2014 Views

Tropical Storm Nicole - Planning Institute of Jamaica

Tropical Storm Nicole - Planning Institute of Jamaica

Tropical Storm Nicole - Planning Institute of Jamaica

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

• a $4.0 million grant to assist the speedy recovery <strong>of</strong> green house production;<br />

• assistance in agricultural inputs such as land preparation, seeds, fertilizers and chemicals;<br />

• the coordination with the NWA to identify and prioritize the most critical farm roads for<br />

clearing, in the first instance, to allow for free movement into and out <strong>of</strong> crop production<br />

areas that have been affected.<br />

The anticipated higher growth forecast for the Construction & Installation industry is predicated on<br />

the advancement <strong>of</strong> work on the affected roads and bridges consistent with reconstruction activities<br />

associated with TS <strong>Nicole</strong>. In addition, the fast tracking <strong>of</strong> the <strong>Jamaica</strong> Infrastructure Development<br />

Project will impact the industry positively in the short-term. However, expansion in this area in<br />

particular, may be tempered by the limited fiscal space, given the conditions that exist under the IMF<br />

Programme.<br />

It is anticipated that the two components <strong>of</strong> the Manufacture industry may be positively impacted by<br />

the passage <strong>of</strong> <strong>Tropical</strong> <strong>Storm</strong> <strong>Nicole</strong>. There is a strong correlation between the activities in the<br />

Construction industry and the production <strong>of</strong> some commodities in the Non-Metallic Minerals and<br />

Chemical & Other Chemical Products sub-industries <strong>of</strong> the Manufacture industry. Against this<br />

background, it is expected that reconstruction activities associated with <strong>Tropical</strong> <strong>Storm</strong> will generate<br />

demand for products such as cement and paint, hence positively impacting the Non-Metallic<br />

Minerals and Chemical & Other Chemical Products sub-industries, respectively.<br />

Chemical & Other Chemical Products is also expected to be positively affected by increased demand<br />

for Aluminium Sulphate and Sulphuric Acid 23 . The increased demand for Aluminium Sulphate is<br />

predicated on increased water treatment activities associated with high levels <strong>of</strong> turbidity caused by<br />

the tropical storm.<br />

Domestic inflation is expected to trend upwards, given the impact <strong>of</strong> the storm on the agriculture<br />

industry. Damage to the industry will lead to shortages in the supply <strong>of</strong> domestically grown<br />

vegetables and starchy foods such as cabbage, tomato, and sweet pepper. This situation is expected<br />

to be exacerbated by recent increases in international grain prices. This upward movement in prices<br />

23 Sulphuric Acid is the main ingredient in the production <strong>of</strong> Aluminium Sulphate.<br />

73

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!