High crime could be influencing business confidence - researcher
Researcher Don Anderson has suggested that the rising crime in Jamaica may be influencing a continued decline in business confidence.
The Jamaica Chamber of Commerce's quarterly survey of business and consumer confidence, presented this morning, shows that the slight decline in business confidence in the first quarter of 2017 continued into the second quarter.
Don Anderson, who is the managing director of Market Research Services Limited, says the decline is not particularly worrying as business confidence remains at a high compared to most quarters over the last 16 years.
However, he says there could be a link between Jamaica’s crime situation and the decline in business confidence.
In a release this morning, the Private Sector Organisation of Jamaica (PSOJ) said crime is the main impediment to the growth and development of the country and everything must be done to address the crime scourge.
It gave its support for the government's anti-crime initiatives, including the introduction of legislation that establishes special zones of operation aimed at curtailing the country's spiralling crime rate.
Meanwhile, consumer confidence has rebounded after some wavering in the first quarter of this year.
Anderson says consumer confidence went up based on an expectation that there will soon be new jobs available.