Jamaica: Economy Grew Between 1 and 2 Percent in Second Quarter

By: Caribbean Journal Staff - August 26, 2014

Above: (left) Bank of Jamaica Governor Brian Wynter (JIS Photo)

By the Caribbean Journal staff

Real economic activity in Jamaica grew expanded by between 1 and 2 percent in the second quarter, according to a new report from the Bank of Jamaica.

That was the fourth consecutive quarter of growth, according to the bank, with the outlook for the 2014/2015 fiscal year within the same parameters.

“The recovery is projected to continue over the next four quarters, despite some slowing in the September quarter due to the impact of the drought on agricultural production,” according to Bank of Jamaica Governor Brian Wynter.

A recent projection from the United Nations Economic Commission for Latin America and the Caribbean pegged the country’s projected growth at 1.2 percent, which would be the second-lowest in the Caribbean region.

Headline inflation stood at 8 percent at the end of the second quarter, down from 8.8 percent in the same period in 2013.

Popular Posts all-inclusive montego bay resort by marriott

Marriott Just Opened Its New All-Inclusive Resort in Montego Bay 

Marriott has continued its rapid expansion into the Caribbean all-inclusive space with the debut of its newest adults-only resort in Montego Bay: the new Hideaway at Royalton Blue Waters, An Autograph Collection All-Inclusive Resort.  The 352-room resort is part of […]

Yes, You Can Stay at an All-Inclusive Resort in St Thomas, USVI

the beach at the bolongo bay resort

The Bolongo Bay Beach Resort on St. Thomas may be the most popular all-inclusive resort you’ve never heard of. It’s not that the resort itself isn’t well-known: this family-run and managed, beach resort has been in business since 1974. But […]

The 15 Best Spa Resorts in the Caribbean

como parrot cay

Resort spas have become almost as common as fitness centers on amenity lists, but while it’s simple enough to carve out some space for a few treatment rooms, there are some spas that offer a true “experience” to go along […]

Related Posts people floating on seven mile beach

The Grand Cayman Marriott Is Getting New-Look Rooms (And Some With Bunk Beds)

One of the Cayman Islands’ signature places to stay is getting an upgrade: the Grand Cayman Marriott Resort.  The Seven Mile Beach property has begun what it’s calling an “extensive renovation of rooms and suites,” according to a statement from […]

Tiger Woods Is Making His Golf Return in Nassau 

the albany golf course with bunker

Tiger Woods is set to make his return to professional golf at his HERO World Challenge tournament in Nassau.  Woods has not played since the 2023 Masters, from which he withdrew in the third round and then underwent fusion surgery […]

From Antigua, a New Anthem for the Perfect Caribbean Vacation

caribbean vacation reggae with causion

Romance, adventure, culture, beaches, hotels. They’re all the perfect notes to the ultimate Caribbean vacation. Now, in time for the opening of the Caribbean’s most anticipated new adults-only resort, The Verandah Antigua, a top Caribbean reggae star has turned these […]


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