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Jamaica Eyes Stronger Growth

By: Caribbean Journal Staff - October 10, 2016

After years of flat growth, Jamaica is projecting a stronger economy in the medium term.

The country projects average real GDP growth of 2.6 percent over the next four years, according to a policy paper tabled by Jamaica Minister of Finance and the Public Service Audley Shaw.

According to the medium-term projections, Jamaica anticipates growth of 1.6 per cent for the 2016/17 fiscal year; 2.2 per cent for 2017/18; 3.3 per cent for 2018/19; and 3.2 per cent for 2019/20.

That’s significantly higher than the country’s projections for the current financial year of between 0.5 and 1.5 percent.

— CJ Staff

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