
Dr. Andrew Holness, Prime Minister, says Hurricane Melissa is estimated to have cost between US$6 billion and US$7 billion in damages across Jamaica.
This is based on preliminary figures. Dr Holness was speaking at Parliament in Gordon House on Tuesday, November 4.
Holness stated that the estimated cost is equivalent to about 28 to 32 per cent of last year’s gross domestic product (GDP).
He said he believes the damage estimate is conservative and a more accurate figure is expected by next week.
Holness added that an 8 to 13 per cent decline in GDP is expected as a result of the devastation caused by the Category 5 storm.
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