The harder times become …
Economically speaking there are a number of ways that show how times are very bad in Jamaica and that it’s likely things are going to get even worse.
Bauxite - a knock on effect of a global downturn in car production means less demand for aluminium and alloys, hundreds of jobs have been lost in Jamaica’s bauxite industry. Job losses also hugely in tourism, construction, finance and even at the rum factory.
Debt burden – Jamaica owes a trillion dollars in debt so government will not be able to invest in spending programmes to stimulate growth.
Remittances – some people rely on the money sent to them via Western Union and the like, from abroad. With relatives in the UK and the US losing their jobs and tightening their belts, less money is coming in this way.
Food prices – going up. Imports continue to outstrip exports see details on this here This makes the cost of living extremely high.
Personal stories of hardship are not unfamiliar in a place which has always experienced terrible poverty. Perhaps the new story of hardship in 2009 is that it is effecting the people who had previously thought of themselves as doing OK, who were holding their heads above water – who did have a job and regular income, who are living in the new build properties but who are now facing huge uncertainty.
[...] in the developed world was sudden and devastating. For example, Jamaica’s dollar-earning bauxite industry has shed hundreds of jobs already because of the downturn in US car [...]
[...] in the developed world was sudden and devastating. For example, Jamaica’s dollar-earning bauxite industry has shed hundreds of jobs already because of the downturn in US car [...]
Persistent marginalization,penuriousness,and wretchedness in a Sisyphean manner is the extant reality in Jamdown today!! In a word sufferation!!
[...] in the developed world was sudden and devastating. For example, Jamaica’s dollar-earning bauxite industry has shed hundreds of jobs already because of the downturn in US car [...]