Jamaicans have mastered the art of delusion.
Jamaicans are delusional about most things, but especially about financial matters. My claims are specifically directed towards a group of particularly quixotic Kingstonians, but make no mistakes; we are all culturally infected with the same disease.
Lets establish a few facts:
- Jamaica’s debt burden is over139% of GDP (almost as high as Greece’s, in real terms, but higher in terms of the size of the economy)
- The country had three consecutive quarters of contraction last year, which means we are officially back in recession after a very brief respite.
- According to the Statistical Institutes 2012 labour force survey, the unemployment rate in May 2012, went up to 14.1%, from a stellar 12.9% the previous year. (The unemployment rate does not reflect persons who have dropped out of the labour force entirely and further still, the unemployment rate for youth16-24, is much…
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Renegade Expressions 