Close Menu
    Facebook X (Twitter) Instagram
    TRENDING :
    • 5 Growing Pains Every Scaling Business Hits
    • Mt. Anthony Football Gears Up for Season
    • The Digital Euro Is Being Sold Through Fear Of America
    • How This Founder Sold $1.4 Million Worth of Products in One Hour
    • Powerball Jackpot Winners Announced for Sept. 2 Drawing
    • My Business Elevates Aperitivo Hour, Sees $8K to $10K a Month
    • Erin Andrews Reflects on Nude Video Leak Trauma
    • Feeling Alone as a Founder? These Communities Can Help
    Populist Bulletin
    • Home
    • US Politics
    • World Politics
    • Economy
    • Business
    • Headline News
    Populist Bulletin
    Home»Economy»Hurricane Melissa Blasts Jamaica’s Economy
    Economy 2 Mins Read

    Hurricane Melissa Blasts Jamaica’s Economy

    Economy 2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email


     

    Hurricane Melissa reached maximum Category 5 strength when it made landfall in Jamaica. The sudden onslaught of destruction cannot be described unless you’ve seen the apocalyptic land of a coastal town that has received a direct hit from a hurricane. The damage from Melissa is unknown, but preliminary calculations suggest it could be one-third of the nation’s GDP.

    Jamaican Prime Minister Andrew Holness said the damage could be up to 32% of last year’s GDP. The $7 billion in damage is a conservative estimate. “Experts describe Melissa to be on the very edge of what is physically possible in the Atlantic Ocean, a storm powered by record sea temperatures,” he said. “Its force was so immense that seismographs hundreds of miles away registered its passage.” Holness said that the nation’s infrastructure must be reformed to protect it from future weather events.

    Economic output is likely to decline by a minimum of 13% due to the damage as the nation heavily relies on tourism. Tourism directly accounts for 9.5% to 10.5% of Jamaica’s GDP, but accounts for 30% when factoring in the indirect effects. Last year, the nation experienced record-breaking revenue after generating $4.3 billion. The government had anticipated it would surpass last year’s record and secure $5 billion from tourism this year.

    Agriculture is expected to be disrupted due to the hurricane, a sector that contributes 17.4% to Jamaica’s GDP. The loss will be more significant for the nation as domestic production accounts for a significant portion of the nation’s fresh produce supply.

    The United States is providing $12 million in urgent aid to Jamaica as part of a larger $24 million package for the Caribbean. Jamaica heavily relies on the US for imports, with the total percentage of goods from the US reaching up to 60% annually. It’s a small island with a small economy. The nation was on the up before the hurricane, and it will take time to recover. Even the Tampa Bay area in Florida is still working on repairs nearly a year after Hurricane Helene and Milton hit back-to-back. My condolences are with the Jamaican people recovering from this tragedy.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The Digital Euro Is Being Sold Through Fear Of America

    September 3, 2026

    Bessent Destroying The Dollar | Armstrong Economics

    September 3, 2026

    Market Talk – August 2, 2026

    September 2, 2026
    Top News
    US Politics 11 Mins Read

    What Would Happen if You Walked All of New York’s Shoreline?

    US Politics 11 Mins Read

    Books & the Arts / May 14, 2026 The art and architecture of New York’s…

    From Idea to Manuscript: AI-Powered Book Writing for Entrepreneurs

    September 15, 2025

    Trump vows to block state AI regulations, calling them a threat to innovation

    December 9, 2025

    The U.S. still doesn’t have a surgeon general — so RFK Jr. just stepped in with a controversial warning about kids and screens

    May 21, 2026
    Top Trending
    Business 7 Mins Read

    5 Growing Pains Every Scaling Business Hits

    Business 7 Mins Read

    Opinions expressed by Entrepreneur contributors are their own. Key Takeaways All business…

    World Politics 1 Min Read

    Mt. Anthony Football Gears Up for Season

    World Politics 1 Min Read

    Mt. Anthony High School football is preparing for the upcoming season with…

    Economy 5 Mins Read

    The Digital Euro Is Being Sold Through Fear Of America

    Economy 5 Mins Read

    The European Union has finally admitted that it does not control its…

    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    About us

    The Populist Bulletin was founded with a fervent commitment to inform, inspire, empower and spark meaningful conversations about the economy, business, politics, government accountability, globalization, and the preservation of American cultural heritage.

    We are devoted to delivering straightforward, unfiltered, compelling, relatable stories that resonate with the majority of the American public, while boldly challenging false mainstream narratives that seem to only serve entrenched elitists, and foreign interests.

    Top Picks

    5 Growing Pains Every Scaling Business Hits

    September 3, 2026

    Mt. Anthony Football Gears Up for Season

    September 3, 2026

    The Digital Euro Is Being Sold Through Fear Of America

    September 3, 2026
    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    Copyright © 2025 Populist Bulletin. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.