The Planning Institute of Jamaica (PIOJ) is forecasting that the economy will decline by 0-1.5% during the December quarter, after dropping by 2.8% during the September quarter.
The economy climbed by 1.4% during the first quarter, then flat-lined by 0.2% during the second quarter before falling sharply by 2.8% during the third quarter due to shocks including Hurricane Beryl.
The consecutive quarters of decline will spark talks of a recession, defined as two or more quarters drop in GDP adjusted for inflation.
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