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)