Close Menu
    Trending
    • Mega Data Centers Carry Secret Health Risks
    • Justin Baldoni Accused Blake Lively Of Using The ‘Taylor Swift Playbook’
    • New Trump strategy says US to readjust global presence
    • Who is Brian Cole, arrested for planting pipe bombs in Washington in 2021? | Crime News
    • Epic NFL Week 14 schedule will help determine playoff teams
    • AI is reshaping work. It could also spark an entrepreneurial boom
    • Mom & Pop Shops Closing In Record Numbers – Are Tariffs To Blame?
    • Taylor Swift Reportedly Offered Bride Irresistible Sum To Snag Wedding Date
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»World Economy»Hurricane Melissa Blasts Jamaica’s Economy
    World Economy

    Hurricane Melissa Blasts Jamaica’s Economy

    The Daily FuseBy The Daily FuseNovember 7, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Hurricane Melissa Blasts Jamaica’s Economy
    Share
    Facebook Twitter LinkedIn Pinterest Email


     

    Hurricane Melissa reached most Class 5 power when it made landfall in Jamaica. The sudden onslaught of destruction can’t be described until you’ve seen the apocalyptic land of a coastal city that has acquired a direct hit from a hurricane. The harm from Melissa is unknown, however preliminary calculations counsel it may very well be one-third of the nation’s GDP.

    Jamaican Prime Minister Andrew Holness mentioned the harm may very well be as much as 32% of final 12 months’s GDP. The $7 billion in harm is a conservative estimate. “Consultants describe Melissa to be on the very edge of what’s bodily attainable within the Atlantic Ocean, a storm powered by file sea temperatures,” he mentioned. “Its drive was so immense that seismographs a whole bunch of miles away registered its passage.” Holness mentioned that the nation’s infrastructure should be reformed to guard it from future climate occasions.

    Financial output is more likely to decline by a minimal of 13% because of the harm because the nation closely depends on tourism. Tourism instantly accounts for 9.5% to 10.5% of Jamaica’s GDP, however accounts for 30% when factoring within the oblique results. Final 12 months, the nation skilled record-breaking income after producing $4.3 billion. The federal government had anticipated it could surpass final 12 months’s file and safe $5 billion from tourism this 12 months.

    Agriculture is predicted to be disrupted because of the hurricane, a sector that contributes 17.4% to Jamaica’s GDP. The loss might be extra important for the nation as home manufacturing accounts for a good portion of the nation’s contemporary produce provide.

    America is offering $12 million in pressing help to Jamaica as half of a bigger $24 million bundle for the Caribbean. Jamaica closely depends on the US for imports, with the full share of products from the US reaching as much as 60% yearly. It’s a small island with a small economic system. The nation was on the up earlier than the hurricane, and it’ll take time to recuperate. Even the Tampa Bay space in Florida continues to be engaged on repairs practically a 12 months after Hurricane Helene and Milton hit back-to-back. My condolences are with the Jamaican folks recovering from this tragedy.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    Mega Data Centers Carry Secret Health Risks

    December 5, 2025

    Mom & Pop Shops Closing In Record Numbers – Are Tariffs To Blame?

    December 5, 2025

    Market Talk – December 4, 2025

    December 4, 2025

    The 400 Billion Yuan-Won Swap

    December 4, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Ukraine ready to sign minerals deal with US: Zelenskyy

    March 3, 2025

    New drone sightings over Denmark’s biggest military base

    September 27, 2025

    Trump knows the fastest way to dismantle America is to just delete it

    January 22, 2025

    Europe, Dazed by Trump, Confronts Hard Choices in Ukraine

    February 18, 2025

    US ambassador Anjani Sinha begins tenure in Singapore

    November 6, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

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