Policy Certainty is Key to Safeguard Country Against Any Recession – PIOJ Head

• Director-General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, says policy certainty is among the measures which will be key in safeguarding the country against the possible emergence of another global economic recession.
• “The intensity of any global recession is usually exacerbated by policy uncertainty. As such, policymakers have a critical responsibility to ensure that there is certainty surrounding policies related to external trade and macroeconomic fundamentals,” Dr. Henry said.
• Key among these, he pointed out, are: continued strengthening of the macroeconomic environment; creating the appropriate social safety nets for the society’s most vulnerable citizens, and facilitating investments and trade policies focused on encouraging product and market diversification.
• His comments come against the background of concerns about the possible emergence of a recession over the short to medium term, and its likely impact on Jamaica’s economy.

 (Source: JIS)