Jamaican Economic Growth to Trend Higher, Following Structural Reforms

  • Fitch Solutions has highlighted that its expectation is for economic growth in Jamaica to accelerate in the coming quarters as economic reforms pay dividends and accommodative monetary policy supports credit growth. 
  • The mining sector is anticipated to be a key engine of growth as alumina and bauxite facilities ramp up production, supporting Fitch’s forecast for real GDP growth to accelerate to 2.1% in 2019, up from 1.9% in 2018.
  • However, despite improvements, Fitch still expects that structural weaknesses will limit real GDP growth over the coming decade.

(Source: Fitch)