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Big Growth For Jamaica – Economy Sees Strongest Performance Over Single Quarter In 14 Years

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Jamaica’s economic growth projections for the fiscal year stand to be revised upwards over the strongest growth in a single quarter in 14 years.

Stakeholders, including the Private Sector Organisation of Jamaica (PSOJ), say they are not surprised and forecast that the growth rate should continue.

Finance Minister Audley Shaw, to the delight of government members, yesterday told the House of Representatives that the economy over the July to September quarter grew by 2.3 per cent, the highest single quarter growth since 2002.

“We are well on our way to five in four,” he said, referencing the Government’s aim to get five per cent gross domestic growth by the 2020-2021 fiscal year.

Published in the Gleaner
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