What Does the S&P Downgrade Really Mean? Your Financial FactSheet 15 years ago Jamaica Observer: What Does the S&P Downgrade Really Mean? From its high-debt burden, to currency depreciation and high interest rates, Jamaica has endured its fair share of challenges in years gone by. At the same time, the economy has demonstrated a level of resilience that is truly undeniable. Jamaica Gleaner: “World trade to fall 9% … ending 26-year growth cycle” Global trade will shrink by nine per cent this year in the most devastating collapse since World War II, the World Trade Organisation (WTO) said on Monday.