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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.
Aug 7, 2011 · JAMAICA’S ECONOMIC PROGRAMME – CURRENT ISSUES. Address to the Nation. Hon. Minister of Finance . Good evening. There have been conflicting reports about the status of Jamaica’s Standby Arrangement with the International Monetary Fund (IMF) on Jamaica’s Medium-Term Economic Programme.
Apr 3, 2023 · Economic Recovery & Outlook. Jamaica’s real GDP expanded by an annual average rate of 4.4 percent between 2021 and 2022, primarily reflecting continued recovery in tourism and agriculture. Rising economic activity boosted labor market conditions and the unemployment rate fell below pre-pandemic levels.
Jamaica Economic Forecast. Jamaica Economic Outlook. After expanding more strongly in Q1 due to improvements in both the services and goods-producing sectors, the economy likely continued to grow in Q2. In April–May, total visitor arrivals rose nearly 20% year on year, boding well for the recovery in tourism.
Apr 30, 2021 · Short-term forecasts are rather uncertain, with IMF estimating GDP growth of 1.5 and 5.7 per cent respectively in 2021 and 2022, whereas the Bank of Jamaica estimates 2.0 to 4.0 per cent growth for the next three years.
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