Consumer and Business confidence in the management of the economy by the government evaporates

Confidence in the direction the PNP administration is taking the country is at record low, with consumer confidence only just above the record low experienced in 2003, when incidentally the PNP was in power. Business confidence is just above the all time low, which was experienced in 2009, when the JLP was in power and at the height of the global recession.

The data is suggesting that both consumer and business have virtually no confidence in the economic strategy being pursued by the Portia Simpson-Miller led administration with one business leader even calling for a renegotiation of the recently signed IMF agreement, which he said if pursued will kill any growth prospects in this Jamaica.

The survey notes that results recorded that this quarter is the second lowest level recorded in the past 12 years.

It highlights that the decline was largely due to less favourable prospects for income and jobs.

The majority of those surveyed indicated that economic conditions have worsened, jobs are scarce and hard to find and higher prices and the falling value of the Jamaican dollar are affecting their income.

http://jamaica-gleaner.com/latest/article.php?id=48662

The above sums up the dismal performance of this almost two year administration, which took an economy on the verge of growth and damaged it beyond repair and continues to do a hatched job on what it has not yet destroyed.

Its time for Jamaicans to wake up and smell the coffee as another 3 yrs of Portia in charge  means further deterioration of the economy and its not hard to see people eating what they have never eaten before just to stay alive.

Peter Phillips was right, when he said should Portia Simpson Miller become Prime Minister of Jamaica,  we could remove and replace Haiti at the bottom of the ladder. In less than 2 yrs we  are very very close to that point. 😦

 

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