Economic Growth to Trend Higher Following Structural Reforms

  • Economic growth in Jamaica will accelerate in the coming quarters as economic reforms pay dividends and accommodative monetary policy supports credit growth.
  • The mining sector will be a key engine of growth as alumina and bauxite facilities ramp up production, supporting forecast for real GDP growth to accelerate to 2.1% in 2019, from 1.9% in 2018.
  • Despite improvements, Fitch Solutions expects that structural weakness will limit real GDP growth over the coming decade.

 (Source: Fitch)