Less spending, reduced deficit and more production the only way out Posted on March 31, 2009 by Your Financial FactSheet Jamaica Observer: A government economist, who in an interview with this column in January accurately forecast how Jamaica could be affected by the global economic fallout while others were optimistic, has again measured the effects of the high and low interest rates. He said the only way out of the economic problems is less spending, reducing fiscal deficit and more production of goods and services.