The COVID-19 crisis knocked the wind out of the economic sails of too many countries. Jamaica was among them. However, making a comeback is nothing new to this island nation. The country’s economy has weathered the financial crisis of the 90s and the global economic meltdown of 2008. Now Jamaica is ready to bounce back again.

Impact of COVID-19

Jamaica’s economy is expected to shrink by 5% as a result of the crisis. The country’s minister of Finance and Public Service Dr. Nigel Clarke stated as much. The Jamaican finance ministry is bracing for a double digit decline in government revenues. Much of this is on account of increased expenditure on health and support services. Continue reading →