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KINGSTON, Jamaica — Jamaica’s long-term economic growth remains among the weakest in the developing world according to Opposition Spokesman on Productivity, Efficiency and Competitiveness, Peter Bunting.
According to the Member of Parliament for Manchester Southern, real GDP growth has averaged approximately one per cent per annum over several decades.
“Labour productivity has declined. Foreign direct investment inflows have fallen sharply from their previous highs. Gross fixed capital formation has weakened. Real wages remain under pressure,” said Bunting.
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