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‚Äôs dependence on the United States for remittances, tourism, and exports.

(Source: Fitch Solutions)