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Tuesday, May 20, 2008
Jamaicas financial year 2007/08, Gross Domestic Product (GDP) is estimated to have grown by 0.7 per cent. This is according to the Director General of the Planning Institute of Jamaica, Dr Wesley Hughes. The main sources of growth during the financial year were construction and installation; finance and insurance services; real estate and business services; miscellaneous services; and the distributive trade. Hughes was speaking at the PIOJ's quarterly media briefing in Kingston where he announced that the economy grew by 0.2 per cent for the January to March quarter.
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