Jamaica Economic Outlook
October 11, 2016The Jamaican economy grew at a faster pace in Q2, suggesting that the recovery initiated in the previous quarter is firming up after GDP growth had slowed down abruptly in the final quarter of 2015. The improving economic conditions were welcomed by the IMF, which formally approved the disbursement of about USD 40 million in September under its Extended Fund Facility. The IMF program has helped produce tangible results for the economy: Jamaica jumped eleven places in the World Economic Forum’s Competitiveness rankings, which were published in September. Meanwhile, the Prime Minister focused part of his speech to the UN General Assembly on the threat that the gradual loss of correspondent banking relationships poses to Jamaica’s economic recovery.
Jamaica Economy Data
5 years of Jamaica economic forecasts for more than 30 economic indicators.
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Jamaica Economic Growth
October 11, 2016The reforms being implemented under the IMF’s stewardship are starting to bear fruit and the outlook for a continuing recovery is positive. FocusEconomics panelists expect the economy to expand 1.8% in 2016, which is unchanged from last month’s forecast, and see it accelerating to 2.1% in 2017.