Sunday, December 6, 2009

The Jamaican state: failed or fixable?

The Jamaican state: failed or fixable?:
The markets are jittery about Jamaica as they are about Dubai. Barclays’ Capital Bank credit analyst issued warnings that Jamaica ’is approaching the point of no return and that it will take more than fiscal adjustments to regain sustainability for the long term’. Barclays’ experts anticipate a decline in output of 5.5 per cent which would make it difficult for Jamaica to meet its revenue targets.

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