The International Monetary Fund (IMF) projects the Jamaican economy to contract by 5.6 per cent in 2020 from its previous growth forecast of 1.0 per cent, arising from what the lending agency described as the ‘Great Lockdown’.
At this point in the economic crisis as result of the COVID-19 crisis, many retail and consumer brands are focused on one thing: cash. And they are doing everything in their power to preserve it. Their success will largely dictate how strongly they emerge once the crisis has abated.
The COVID 19 pandemic is having an unsettling impact on the normal operations of businesses worldwide and as such has disrupted individuals and businesses thereby hindering their ability to perform contractual obligations. This includes many businesses in Jamaica.
Around the world, people have been pooling skills, talents, and resources in the ongoing fight against the COVID-19 pandemic. Factories have been re-purposed and product output temporarily altered. Even entertainers have taken time to keep entertaining with live-streamed living-room concerts and online parties. Roshaun ‘Bay-C’ Clarke, former member of dancehall group T.O.K., is one of…
