Is Growth Ahead for Jamaica?

By: - August 29th, 2013

Above: Kingston (CJ Photo)

By the Caribbean Journal staff

Jamaica’s economy is projected to grow by between 0.5 and 1.5 percent for the third quarter of 2013, according to data from the Planning Institute of Jamaica.

The report comes after the revelation of another quarter of tepid growth for the country’s economy, which contracted despite gains in the construction and mining sectors.

Colin Bullock, director general of the Planning Institute of Jamaica, said the growth would be spurred by a “number of factors,” including the rollout of “several capital projects” approved in the 2013/2014 fiscal year.

Bullock also said that the “gradual restoration of investor confidence,” hinging on Jamaica’s passing the IMF’s first test, would help drive growth.

Of course, Jamaica will also need continued strength from the mining sector, led by alumina, which saw significant growth in the previous quarter.

Jamaica

Antigua, China Talk Education

Above: the meeting in Antigua By the Caribbean Journal staff Antigua Education, Youth, Sports and Gender Affairs Minister Dr Jacqui Quinn-Leandro held talks this week with Chinese Ambassador to Antigua Ren Gongping to discuss ways the Chinese government can assist Antigua’s education sector. The courtesy call on Monday was the first meeting between the two […]

Jamaica

El Salvador Plans Tourism Boost

Above: El Salvador By the Caribbean Journal staff El Salvador is planning a major boost to its tourism attractions in the La Libertad and Usulutan coastal regions, with help from the Inter-American Development Bank. The country’s Ministry of Tourism is slated to receive a $25 million loan from the Inter-American Development Bank to finance new […]

Jamaica

Japan to Build $12 Million Fisheries Complex in Nevis

Above: Charlestown (CJ Photo) By the Caribbean Journal staff Japan’s government will be soon building a $12 million fisheries complex in Nevis, the island’s government announced. The news of the long-awaited project, which will be located in the Bath Village area, was revealed by Agriculture and Fisheries Minister Alexis Jeffers this week. The facility will […]

Rum Journal: Pyrat Rum XO Reserve

 For a long time, Pyrat Rum was bottled in Anguilla. Of course, Anguilla isn’t a sugar cane hub — but in recent years, everything has shifted to sugar-rich Guyana. That country, geographically South American but culturally and politically Caribbean, produces some of the world’s best sugar cane and some of the world’s best rum — […]

Caribbean Hotel Occupancy Falls For Second Straight Month

 By the Caribbean Journal staff Caribbean hotel occupancy fell by 0.2 percent in July, the region’s second straight month of annual decline, according to a report from STR. The drop followed a 0.9 percent decrease in June, the first time the Caribbean hotel industry experienced two straight months of year-over-year decline since October and November […]

Venezuela's Maduro to Visit Guyana

For a long time, Pyrat Rum was bottled in Anguilla. Of course, Anguilla isn’t a sugar cane hub — but in recent years, everything has shifted to sugar-rich Guyana. That country, geographically South American but culturally and politically Caribbean, produces some of the world’s best sugar cane and some of the world’s best rum — […]

A New Vision For St Maarten Tourism?

Above: St Maarten By the Caribbean Journal staff Is it time for a St Maarten to reinvent its tourism strategy? That was the call made by Edward Dest, acting director of tourism for St Maarten at the recent Annual Overseas Marketing Representatives Meeting. St Maarten needs to reinvent itself to remain competitive, Dest said, calling […]

SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You