Jamaica current debt stands over 140% of GDP, one of the highest in the world.
News that economy contracted late last year could slow president's aggressive push on gun control, immigration.
Developing world economy forecast to surpass developed economies for first time.
Commerce Department said growth in the third quarter was significantly better than the 2 percent rate estimated a month ago.
Japan's economy shinks at an annualized 3.5% between July and September hit by sluggish markets for its exports and subdued demand at home.
Europe's economy is still reeling and unemployment could remain high.
