The Minister for the Cabinet Office the Hon. Wayne Furbert, JP, MP, released the Quarter 1, 2020 Quarterly Gross Domestic Product (GDP) by Expenditure from the Department of Statistics today.
Minister Furbert further said, “After adjusting for inflation, the GDP in constant prices for the first quarter decreased by 2.8 percent. This decline in GDP is largely attributable to the onset of the Coronavirus (COVID-19) pandemic.”