Confidence on the uptick – Companies believe worst of recession over

Posted on July 8, 2009July 9, 2009 by Your Financial FactSheet

Jamaica Gleaner: “Confidence on the uptick – Companies believe worst of recession over – But Curtin has doubts”
Business confidence in the second quarter has recovered from its all-time low, but though up by 22 per cent over the first quarter is still at its third-lowest point in the past two years of the survey, at 92.7 points.

Jamaica Observer: “The primary problem”
The Government had to undertake significant fiscal manoeuvring in the month of May as it didn’t earn enough to pay its workers while meeting its other non-debt obligations.

Jamaica Observer: “IMF left Jamaicans with a bad taste”
In 1977 Jamaica entered into a borrowing relationship with the International Monetary Fund for the first time. This led to tremendous controversy with the Michael Manley regime and has left a bitter taste in the mouth of Jamaicans.

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