The economy likely performed well in the fourth quarter on the back of a solid tourism sector and a healthy labor market. In October, the unemployment rate declined in year-on-year terms, while employment increased, most notably among women…
Category: Top stories: Global
2018 marks 41 years of IMF ‘rescue’ of Jamaica
IN 1976 the Bank of Jamaica (BOJ) ran entirely out of foreign exchange, leaving the Net International Reserves (NIR) balance at zero. There was no foreign exchange to buy oil to provide the country with electricity and gasoline — key sources of energy. No money to buy medicine and other vital supplies for the health sector, to purchase basic food supplies…
The World Bank in Jamaica; Country Overview
After four decades of little or no growth, the Jamaican economy is expected to grow at 1-2% over the medium term. The country is confronted by serious social issues that predominantly affect youth, such as high levels of crime and violence and high unemployment.
Jamaica Moves from Stable to Positive
Jamaica Moves from Stable to Positive
International credit rating agency, Standard and Poor’s (S&P), has improved its outlook on Jamaica from stable to positive.