
Andrew Holness|Mar 31, 2025 13:44
Jamaica today is more resilient than at any time in its history.
In the past, economic shocks took decades to recover from:
• 17 years to recover from the 1970s oil crisis and failed socialist policies.
• 17 years to regain lost GDP after the financial sector crisis of the 1990s.
• 30 years to bring debt back to pre-crisis levels.
• 11 years to recover from the 2008 global financial crisis.
Yet after the worst global shocks in a century— COVID-19, supply chain disruptions, and geopolitical crises, Jamaica rebounded in just 3 years.
Unlike other countries, not a single public sector worker was laid off. We have conquered macroeconomic instability and excessive debt, and we are on track to reduce debt to 60% of GDP by 2028.
Even in an election year, we have delivered a balanced budget with no new taxes, proving our commitment to stability and progress.
Jamaica is stronger, more stable, and ready to grow.
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