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IMF more optimistic about Jamaica, maintains growth projections


Washington, USA — The International Monetary Fund (IMF) still expects Jamaica to grow at 1.3 per cent in 2014.

In its latest World Economic Outlook, the international lender reaffirmed projections made in its previous report published six months ago.

The stable outlook measures up against several downward revisions to GDP projections across Caribbean economies and a 0.1 percentage point reduction in expected global growth.

Latin America and the Caribbean is expected to see 2.5 per cent growth this year, lower than the 2.7 per cent it registered in 2013 and 0.4 percentage points lower than the IMF,s projections in January.

Published in the Jamaica Observer
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