THE Jamaican economy declined by 2.3 per cent in the first quarter of 2020 when compared to the similar quarter of 2019.

That was the announcement made yesterday by the Statistical Institute of Jamaica (STATIN) in a release.

In the release STATIN said the 2.3 per cent decline of the economy was the result of declines in both the services and goods- producing industries of 2.5 per cent and 1.9 per cent, respectively.

The performance of the economy was negatively impacted by the spread of the novel coronavirus (COVID-19) and the measures adopted by the Government to limit its spread.

http://www.jamaicaobserver.com/business-observer/economy-declined-by-2-3-in-first-quarter_197489