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Over the past 12 years, Jamaica has faced up to challenging hardships in order to earn hard won gains in terms of ordering the economy, reducing the debt to GDP ratio from 150% to 60% and reducing unemployment to 3.3%. It was, in short, an incredible success story.
And then in November 2025, the island was struck by Hurricane Melissa, leaving the country in tatters. The two main industries of tourism and agriculture have been severely damaged and the outlook appears bleak.
However, on The LatinNews Podcast this week, we speak to Caribbean economist Marla Dukharan who believes, in spite of the tragedy that befell Jamaica, that there are reasons to remain positive, as the platform for growth and recovery remain intact for the island nation.
For Dukharan, Jamaica's human capital, economic know-how, strong diaspora, resilience fund and CRIFF agreement will help the recovery. Questions remain, of course, as to how to mitigate climate events of this nature in the future and how to reform the nature of international aid donations.
Follow LatinNews for analysis on economic, political, and security developments in Latin America & the Caribbean.
For more insightful, expert-led analysis on Latin America's political and economic landscape, read our reports for free with a 14-day trial. Get full access to our entire portfolio.
By LatinNews4.9
77 ratings
Over the past 12 years, Jamaica has faced up to challenging hardships in order to earn hard won gains in terms of ordering the economy, reducing the debt to GDP ratio from 150% to 60% and reducing unemployment to 3.3%. It was, in short, an incredible success story.
And then in November 2025, the island was struck by Hurricane Melissa, leaving the country in tatters. The two main industries of tourism and agriculture have been severely damaged and the outlook appears bleak.
However, on The LatinNews Podcast this week, we speak to Caribbean economist Marla Dukharan who believes, in spite of the tragedy that befell Jamaica, that there are reasons to remain positive, as the platform for growth and recovery remain intact for the island nation.
For Dukharan, Jamaica's human capital, economic know-how, strong diaspora, resilience fund and CRIFF agreement will help the recovery. Questions remain, of course, as to how to mitigate climate events of this nature in the future and how to reform the nature of international aid donations.
Follow LatinNews for analysis on economic, political, and security developments in Latin America & the Caribbean.
For more insightful, expert-led analysis on Latin America's political and economic landscape, read our reports for free with a 14-day trial. Get full access to our entire portfolio.

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