assessment of the socio-economic and environmental impact

More documents

Recommendations

Info

This reflected an expansion in the deficit on the Transportation sub-account with a simultaneous contraction in the surplus from Travel. Increased expenditure on shipping/freight and a reduction in stopover tourist arrivals over the period contributed to these changes. External Trade For the January - April period Jamaica=s external trade deficit widened by US$93.2 million or 8.0 per cent to US$1 264.9 million relative to the corresponding period of 2006. The value of Traditional Domestic Exports increased by US$13.5 million (or 3.0 per cent) to US$461.0 million, compared with January - April 2006. Non-Traditional Exports were valued at US$223.2 million, approximately US$41.3 million (or 22.7 percent), more than the corresponding period in 2006. Total Merchandise Imports for January - April 2007 increased by US$150.8 million (8.3 per cent) to US$1 965.6 million, compared with the corresponding period in 2006. Exchange Rate At the end of June 2007, the monthly nominal exchange rate was $68.42 per US$1.00, compared with $65.87 per US$1.00 and $67.70 per US$1.00 at the end June 2006 and the end of March 2007, respectively. The expected performance of the economy without the disaster For 2007, the economy was projected to grow by 2.1 per cent in the absence of Hurricane Dean (Table 6.4). All sectors were forecasted to grow with both the Goods - producing and Services sectors projected to increase by 2.2 per cent. The Construction & Installation, Electricity & Water, Transport, Storage & Communication and the Finance & Insurance sectors were expected to be the main drivers of growth for 2007. Output during July-December was expected to expand at a faster pace (2.4 per cent) than in the January – June period when the economy grew by 1.8 per cent. This was partly based on an expected higher level of activity in the Mining & Quarrying and Miscellaneous Services sectors resulting in a projected growth of 5.2 per cent and 2.4 per cent, respectively for the final six months of the year 23 . Other sectors that were expected to contribute to the country’s expansion 23 During January-June 2007, the Mining & Quarrying sector registered a flat performance while the Miscellaneous sector declined by 1.3 per cent. 76
during the final half of the year were the Construction & Installation, Electricity & Water and transport Storage & Communication. Table 6.4: Pre-Dean GDP Projections YEAR ON YEAR CHANGE IN GROSS DOMESTIC PRODUCT IN PRODUCERS' VALUES AT CONSTANT 1996 PRICES (PER CENT) Jul-Sept Oct-Dec Jul-Dec Jan-Dec 2007 2007 2007 2007 GOODS PRODUCING SECTORS 2.6 2.9 2.8 2.2 Agriculture, Forestry & Fishing 1.0 1.5 1.3 1.8 Mining & Quarrying 5.1 5.3 5.2 2.6 Manufacturing 1.7 2.2 2.0 1.0 of which: Food, Beverages & Tobacco 2.0 2.5 2.2 0.9 Other Manufacturing 1.5 2.0 1.7 1.2 Construction & Installation 3.0 3.2 3.1 3.6 SERVICES SECTORS 2.2 2.2 2.2 2.2 Electricity & Water 4.4 4.0 4.2 4.2 Transport, Storage & Communication 2.5 3.0 2.7 2.9 Distributive Trade 2.0 1.8 1.9 2.4 Finance & Insurance Services 2.4 2.5 2.5 3.0 Real Estate & Business Services 2.5 2.4 2.4 2.5 Producers of Government Services 0.5 0.5 0.5 0.6 Miscellaneous Services (incl. Household & Private 2.4 2.3 2.4 0.4 Non-Profit Institutions) of which: Hotels, Restaurants & Clubs 2.5 2.3 2.4 -0.1 Less Imputed Bank Service Charge 1.2 1.0 1.1 3.1 TOTAL GDP AT CONSTANT PRICES 2.4 2.5 2.4 2.1 Source: Planning Institute of Jamaica The Evolution of the Economy with the Disaster Due to the impact of Hurricane Dean the economy is expected to grow by 1.1 per cent for 2007 instead of the 2.1 per cent forecasted prior to the passage of the hurricane. This will result from losses in output flows primarily in the Agriculture Forestry & Fishing, Mining & Quarrying and Electricity & Water sectors. However the Construction & Installation and Distributive Trade 77
Page 1 and 2:
ASSESSMENT OF THE SOCIO-ECONOMIC AN
Page 3 and 4:
Executive Summary As at October 26,
Page 5 and 6:
Environmental impacts of Hurricane
Page 7 and 8:
PREFACE This report is prepared to
Page 9 and 10:
Hurricane Dean was upgraded to a ma
Page 11 and 12:
down just after 1800 UTC (1300 loca
Page 13 and 14:
expected for the month of August. O
Page 15 and 16:
and elderly received a special paym
Page 17 and 18:
Figure1.6: Hurricane Dean Affected
Page 19 and 20:
In the fishing industry, approximat
Page 21:
II. SOCIAL SECTORS 1. Education Dam
Page 24:
The total damage to the housing sec
Page 27:
) Heritage Sites The National Herit
Page 30 and 31:
Environmental Health In the area of
Page 32 and 33: Losses to the livestock sector amou
Page 34: Estimates reveal that approximately
Page 37 and 38: Table 3.4: Preliminary Estimates of
Page 39 and 40: In addition to crop loss, infrastru
Page 41 and 42: Table 3.8: Growers Summary of Damag
Page 43 and 44: Table 3.9 SCJ Damage to Physical St
Page 45 and 46: 9. The Fisheries Sector Damage with
Page 47 and 48: The preliminary estimate of the dam
Page 49 and 50: In the North Coast Resort Areas, a
Page 51 and 52: In St. Ann, some properties reporte
Page 53 and 54: The restoration of electricity was
Page 55 and 56: FIGURE 4.4: PERCENTAGE OF FEEDERS E
Page 57 and 58: Table 4.1: Allocation of estimated
Page 59 and 60: Figure 4.6: Progress of NWC Custome
Page 61 and 62: Table 4.2.: List of Facilities out
Page 63 and 64: flooded equipment left the area wit
Page 65 and 66: 3. Transport, Roads and Bridges Bot
Page 67 and 68: V. IMPACT ON THE ENVIRONMENT 1. Gen
Page 69 and 70: - Traditional agricultural crops su
Page 71 and 72: (e.g. Sea Fan) was washed ashore al
Page 73 and 74: Habitat Loss. Both terrestrial and
Page 75 and 76: sand on other beaches such as Rolli
Page 77 and 78: VI. SUMMARY OF DAMAGE AND LOSSES AN
Page 79 and 80: for FY 2006/07 budget. Central Gove
Page 81: The performance of the economy duri
Page 85 and 86: VII. GUIDELINES FOR A REHABILITAION
Page 87 and 88: Kingston, St. Thomas St. Elizabeth
Page 89 and 90: PROJECT TITLE: MAPPING OF COASTAL C
Page 91 and 92: PROJECT TITLE: COASTAL ECOSYSTEM ST
Page 93 and 94: PROJECT TITLE: TO REHABILITATE DRAI
Page 95 and 96: Major Components 1. Evaluation of h
show all

assessment of the socio-economic and environmental impact

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?