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2 days ago · THE Planning Institute of Jamaica (PIOJ) reported a 1.9 per cent growth for the Jamaican economy in the first quarter of 2024. Notable growths occurring in the Mining and Quarrying industry, 25 ...
- Jamaica's economy — progress and potential - Jamaica Observer
Letters. July 16, 2023. Jamaica’s economy — progress and...
- Jamaica’s economic renaissance - Jamaica Observer
The commendations include strong gross domestic product...
- Jamaica's economy — progress and potential - Jamaica Observer
Apr 15, 2024 · Last Updated: Apr 15, 2024. After four decades of little or not growth, the Jamaican economy is expected to grow at 1-2% over the medium term. The country is confronted by serious social issues that predominantly affect youth, such as high levels of crime and violence and high unemployment.
Feb 22, 2022 · Jamaica Works to Maintain its Hard-Won Economic Stability. February 22, 2022. Prior to the pandemic, Jamaica had successfully stabilized the economy, turning a fiscal deficit of 11 percent of GDP in 2009 into a 1 percent surplus in 2019, and reducing public debt from 142 percent of GDP in 2009 to 94 percent by 2019.
Download PDF. Summary. In 2022, Jamaica’s economy continued towards a full recovery from the fallout of the pandemic. This was, however, tempered by high inflation which presented policymakers with the difficult trade-off of taming price increases against slowing the pace of the recovery.
The main challenges for Jamaica include achieving sustained economic growth and social equity, as well as reducing poverty, unemployment, violent crime and corruption. Fiscal discipline and debt reduction are also crucial components of Jamaica’s evolving market economy.
