Global Financial Crisis Jamaica 2

Global Financial Crisis Jamaica

The 2008 global financial crisis hit Jamaica through falling remittances, tourism and bauxite earnings, pressure on the currency and a debt burden that led to the 2010 debt exchange and later IMF programmes. Jamaica Homes News examines the crisis’s impact on Jamaica’s economy, lending and property market, and the lessons it holds for today.

Analysis

Peak and Turn: Jamaica’s Summer 2022 Delivered Record Tourism While Inflation Finally Showed Signs of Breaking

By Jamaica HomesJuly 15, 20230

By the summer of 2022, Jamaica was running two parallel economic narratives simultaneously. In the hotel lobbies of Montego Bay…

Analysis

Peak and Turn: Jamaica’s Summer 2022 Delivered Record Tourism While Inflation Finally Showed Signs of Breaking

By Jamaica HomesJuly 15, 20230

By the summer of 2022, Jamaica was running two parallel economic narratives simultaneously. In the hotel lobbies of Montego Bay…

Analysis

The Price of Everything: Jamaica’s Spring 2022 Kept Growing Even as Inflation Hit Levels Not Seen in a Generation

By Jamaica HomesApril 15, 20230

Through April, May and June of 2022, Jamaica found itself doing something that economists rarely see: growing at a healthy…

Analysis

After Omicron, Before the Guns: Jamaica’s Early 2022 Delivered a Surging Winter Season Hours Before Ukraine Changed the Price of Everything

By Jamaica HomesJanuary 15, 20230

Jamaica entered 2022 on the crest of its strongest winter tourist wave since before the pandemic — hotels full, flights…

Analysis

Almost Back: Jamaica’s Winter 2021 Approached Pre-COVID Tourism Levels Before Omicron Arrived — and Still Finished the Year at Five Per Cent Growth

By Jamaica HomesOctober 15, 20220

The fourth quarter of 2021 brought Jamaica’s tourism industry to the threshold of the pre-COVID world. October and November arrivals,…

Analysis

Summer Through the Delta: Jamaica’s Tourist Season Held Despite the Worst COVID Wave the Island Had Seen, and the Cruise Ships Finally Came Home

By Jamaica HomesJuly 15, 20220

The third quarter of 2021 asked Jamaica’s tourism industry and its public health system to operate simultaneously at levels that,…

Analysis

The Spring That Came Back: Jamaica’s Second Quarter of 2021 Marked the Point Where Tourism Recovery Became Tourism Momentum

By Jamaica HomesApril 15, 20220

The second quarter of 2021 was the quarter when Jamaica’s tourism recovery stopped being a statistical curiosity and started being…

Analysis

The First Jabs and the First Shoots: Jamaica’s Early 2021 Brought Vaccines, a Winter Tourism Upturn, and the Cautious Beginning of Recovery

By Jamaica HomesJanuary 15, 20220

In the first week of March 2021, a nurse at the Kingston Public Hospital held up a syringe for the…

Analysis

The Year the Numbers Ran Backwards: Jamaica’s 2020 Closed With a 10 Per Cent Contraction and a Government Rebuilt to Reverse It

By Jamaica HomesOctober 15, 20210

Jamaica’s fourth quarter of 2020 brought a winter season unlike any the island’s tourism operators had managed before: a resilient…

Analysis

The Corridor Holds: Jamaica’s Summer 2020 Brought Back Some Tourists, an Historic Election, and the First Proof That Recovery Was Possible

By Jamaica HomesJuly 15, 20210

The third quarter of 2020 gave Jamaica three things it needed: a functioning, if partial, tourism industry operating under the…

Analysis

The Empty Quarter: Jamaica’s April-to-June 2020 Was the Worst Three Months in Its Modern Economic History — and It Still Found a Way to Reopen

By Jamaica HomesApril 15, 20210

The second quarter of 2020 was unlike any other three-month period in Jamaica’s modern economic history: a full quarter without…

Analysis

When the Planes Stopped: The Quarter That COVID Arrived in Jamaica and Ended the Tourism Decade in a Single Month

By Jamaica HomesJanuary 15, 20210

Jamaica’s first quarter of 2020 began as the island’s finest on record and ended as its most catastrophic in living…

Analysis

Before the Storm: Jamaica Closed 2019 With Its Finest Pre-COVID Numbers — Then Won an Election in the Middle of a Pandemic

By Jamaica HomesOctober 15, 20200

On 3 September 2020, Andrew Holness led the Jamaica Labour Party to an election victory of historic proportions, winning 49…

Analysis

The Last Great Summer: How Jamaica’s Record-Breaking 2019 Season Looked From the Closed Hotels of July 2020

By Jamaica HomesJuly 15, 20200

In the summer of 2019, Jamaica’s hotels were full, its beaches were busy, and its tourism industry was delivering what…

What's Hot

Independent Jamaican journalism worth supporting.

Global Financial Crisis Jamaica

News

Company

Services