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First quarter to test Govít's resilience - Chung

Published: Saturday December 28, 2013 | 12:36 pm Comments 0

Financial analyst, Dennis Chung said the first quarter of 2014 will test the conviction of Jamaicans to continue with economic reforms to spur sustainable growth and development.

He said in order to attain any meaningful changes, the Government must implement reforms aimed at controlling crime and reducing bureaucracy.

According to Chung, said failure to do so will cause any recovery to be long and painful.

Writing this week in the Caribbean Journal, Chung said crime and bureaucracy have a crippling effect on economic and social development.

Chung has repeated that while reforms under Jamaicaís programme with the International Monetary Fund are necessary, they are not sufficient to cause the fundamental transformation needed in the economy.

He said it is important that this be understood, followed by the implementation of necessary policies to ensure confidence in real investment.


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