IMF releases a statement on Jamaica following staff visit to the island.
- Buoyancy in tax revenue supporting more capital spending, helping economic activity and living standards
- “Public debt is expected to fall below 100 percent of GDP by the end of this fiscal year, for the first time since FY2000/01”
- The unemployment rate is at an all-time low of 8.4%
- Inflation within the central bank target of 4%-6%
- Economic growth forecast at 1.5%-2% for fiscal year