Jamaica: First Review Under the Stand-By Arrangement, Request for Waiver of a Performance Criterion, and Request for Modification of Performance Criteria
International Monetary Fund. Western Hemisphere Dept.
Apr 2017 · International Monetary Fund
Ebook
74
Pages
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About this ebook
Macroeconomic outturns are steadily improving. After 7 consecutive quarters of positive growth, real GDP seems on target to grow by 1.7 percent in FY16/17, driven by agriculture, construction, and tourism. Inflation and the current account deficit remain contained, supported by low oil prices. Employment is growing, but unemployment is a chronic issue. Business and consumer confidence are near historic highs. The 7 percent of GDP primary surplus target is set to be reached, and public debt is on a downward path.
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