Monday, 25 May 2015
Jamaican economy should rebound in FY2015/16
Dem sey big tings ago gwaan ina di Jamaican ehcanomi. Di is wey dem reely did sey "Although economic growth in the second half of FY2014/15 was lower than expected, due to unforeseen temporary factors, the macroeconomic environment continues to improve. Benchmark market interest rates have been trending lower, inflation is contained, the current account deficit on the balance of payments continues to contract, foreign reserves exceed expectations and business confidence is high. Against this background both the IMF staff and GOJ concur that the Jamaican economy should rebound in FY2015/16. Further, the outlook for growth over the medium term remains positive, supported by on-going reforms to the business environment and the progress being made on the key catalysts for growth, such as the port expansion projects, the regime for special economic zones and the work of the Electricity Sector Enterprise Team." Well mek wi si nuh.
Labels:
Environment,
Jamaica,
Poverty
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment