In calendar year 2017, the Jamaican economy — based purely on its own merits — has its best chance of entering a period of strong, sustained economic growth since the decade immediately following our independence.
The main caveat to this statement is that the international economic outlook is currently the most uncertain since the beginning of the global financial crisis at the end of 2007, while the geopolitical order is the most uncertain since the end of the Second World War.
This is not to imply that we are facing a new global financial crisis, as the economic uncertainty could be either positive (well thought-through, business-friendly legislation) or negative (global trade wars), at least in the short term. The medium term may be a different matter entirely, but more on that anon.
Published in the Observer
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