GDP in Jamaica
Jamaica - GDPEvidence is mounting that Jamaica’s economic recovery is firming, despite last month’s news that GDP growth came in below expectations in Q4. Exports grew rapidly over the first two months of the year, edging ahead of import growth, thus suggesting the external sector will have made a positive contribution to growth in Q1. Solid growth in imports reflected sky-high business confidence in Q1, as reported by the Chamber of Commerce. Consumer sentiment, in contrast, was down in the first quarter. This was likely a first round effect of the fledgling Trump presidency, whose tough immigration stance threatens remittance flows. Indeed, while official data has yet to be published, the consumer sentiment survey showed remittance flows were down in Q1.
Jamaica - GDP Data
|Economic Growth (GDP, annual variation in %)||1.7||-0.6||0.5||0.7||1.0|
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