PIOJ warns that murders may hurt growth
The Director General of the Planning Institute of Jamaica (PIOJ), Collin Bullock, is warning that the recent spike in murders may hurt the country’s growth.
According to Bullock, murders and the impact of droughts are two phenomena that present a real and present danger to growth in the Jamaican economy.
The latest police statistics show that 775 murders were recorded up to Monday.
This is a 20 per cent increase when compared with the 643 murders reported over the corresponding period last year.
Speaking at the PIOJ’s quarterly briefing today, Bullock said an increase in murder is not good for business.
He says the economy grew by 0.8 percent during the April to June quarter.
The PIOJ director general says last quarter’s positive movement followed near zero growth for the previous January to March quarter.
Bullock says the goods producing and services industries were the main sectors responsible for the increase.
The PIOJ director general is predicting growth of between one and two percent for the current July to September quarter.