Jamaica cuts growth forecast to 1 percent

By: AP
By: AP

KINGSTON, Jamaica (AP) -- A top Jamaican finance official is warning of tougher times to come in the Caribbean country.

Sen. Don Wehby says Jamaica is cutting its projected economic growth for next year from 3 percent to 1 percent.

Wehby is minister without portfolio in the Ministry of Finance under Prime Minister Bruce Golding.

He told the Senate on Friday that the slowdown is due to the global economic meltdown and Tropical Storm Gustav. The August storm damaged 79 percent of island banana and plantain farms.

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