Back in recession - Jamaican economy contracts for third quarter - Business - Jamaica Gleaner - Wednesday | November 21, 2012: "Most industries are expected to continue declining in the October-December quarter, even as the Planning Institute of Jamaica (PIOJ) reported that the Jamaican economy contracted by 0.6 per cent during the third quarter.
Even agriculture, which has consistently outperformed other sectors, shrunk by 0.5 per cent during the July to September review period, its first quarterly decline since the December 2010 quarter when the industry was severely impacted by Hurricane Nicole.
The downturn in the industry was partly attributable to drought in some of the major agriculture-producing parishes, especially during June and July, outgoing PIOJ Director Gladstone Hutchinson explained while reviewing the economic performance at the institute's offices in New Kingston yesterday."
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