Rising global oil prices weighing on Jamaican economy – PIOJ
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Finance
May 22, 2026
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Rising global oil prices continue to weigh on the Jamaican economy, according to Director General of the Planning Institute of Jamaica (PIOJ), Dr Wayne Henry.
Speaking during the institute’s quarterly briefing on Wednesday, he emphasised that Jamaica’s economic structure remains highly sensitive to global shocks, particularly those affecting the nation’s major trading partners.
“The rising commodity prices, in particular oil prices, associated with the ongoing conflict in the Middle East, are exerting pressure on trade and output performance,” Henry said.
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