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Economic woes mount in Jamaica amid IMF loan terms
Jamaica faces rising unemployment and inflation as bauxite and tourism decline. The IMF loan may trigger devaluation and higher taxes, worsening import costs and living expenses. Opposition leader Seaga calls for renegotiation and resignation while Manley defends socialist aims and vows gradual revival.
MENTIONED IN THIS ARTICLE
Kingston
Jamaica
U.S
Manley
Edward Seaga
Jamaica Labor Party
Seaga
Associated Press
IMF
Peoples National Party