Thu | Jun 24, 2021

Holness commissions study on business fallout

Published:Wednesday | September 25, 2013 | 8:19 PM

Opposition Leader Andrew Holness says he has commissioned a study to determine the extent of the fallout among the business community in the last two years.

He made the disclosure at a press conference at the Jamaica Labour party’s headquarters in Kingston today where he lamented the current state of the economy.

Mr. Holness notes that come month-end Jamaica will be approaching another quarter of no-growth.

He says the opposition is very concerned about the state of affairs:

"We are very concerned that we absolutely no sign of growth in the Jamaican economy, the lack of growth is manifesting itself in high unemployment, no business confidence and low foreign exchange earnings," said Holness. "If we go behind this no growth environment which seems to be projecting into the future for Jamaica, we will see that many businesses are closing, or downsizing or making members of their staff redundant."

Mr. Holness says the Opposition does not have exact statistics on the number of businesses which have closed.

He says that is why a small team has been put together to interact with the private sector to see how many businesses have had to close or downsize in the last two years:

"I would want to engage the public in this, if there is anyone who would like to share information as to what measures they have taken to recast their businesses, I would like them to send that information my opposition email," stated Holness. "It's, that information will be very useful for us in making our full assessment of what is happening to the business environment in Jamaica".


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