Weak Aluminium Market to Widen Jamaican Current Account Deficit

 

• Jamaica’s current account deficit will widen over the coming quarters as goods exports earnings weaken due to falling aluminum prices.
• Fitch Solutions has revised the 2019 current account deficit forecast from 2.8% of GDP to 3.0% and its 2020 forecast from 2.7% to 3.0%.
• Solid direct investment inflows and Jamaica’s sizeable international reserves will bolster its external account stability.

 

(Source: Fitch)