Strong Consumption Will Underpin Jamaica's Steady Growth
- Record-low unemployment, stable inflation, and credit expansion will drive economic activity in Jamaica over the coming quarters.
- Fitch Solutions has forecasted real GDP growth of 2.1% y-o-y in 2019 and 1.8% in 2020.
- Risks to the forecast are weighted to the downside given Jamaica’s dependence on the United States for remittances, tourism, and exports.
(Source: Fitch Solutions)