The Planning Institute of Jamaica, PIOJ, has revealed that the country suffered $3billion in losses due to the flood rains which damaged critical infrastructure.
The PIOJ said the figure is based on preliminary information from the National Water Commission, the National Works Agency and the Rural Agricultural Development Authority.
PIOJ Director General, Dr Wayne Henry, said agriculture, mining and quarrying were the most affected sectors. Dr Henry yesterday told Parliament's Economy and Production Committee that the heavy rains will have implications for the growth forecast for these sectors.
Meanwhile, Dr Henry said the construction sector is expected to benefit from the devastation caused by the flood rains.