According to the Statistical Institute of Jamaica, the country’s annual inflation as at September was 5.9 percent. This is the second time since this year, that point-to-point inflation has fallen within the Bank of Jamaica’s 4 to 6 percent target range. Director General of the Statistical Institute of Jamaica Carol Coy says the results were linked mainly to the performance […]
Global ratings agency Moody’s has upgraded its credit rating for Jamaica from B2 to B1. Finance Minister Dr. Nigel Clarke says this is the best outlook the country has received from the agency in “over 15 years”. “Moody’s looked at how Jamaica has dealt with the multiple shocks that we’ve experienced over the past several years – the COVID-19 pandemic, […]
Tourism Minister, Hon. Edmund Bartlett, says the development of new highways across Jamaica will reduce travel time for tourists and increase opportunities within the sector. “What we’re going to have is a ring road around Jamaica that will be able to connect us, especially from the two airports. So, anyone who comes to Jamaica can now, in one hour or […]
The World Bank has commended Jamaica for its fiscal management and debt reduction. According to a press report, the Chief Economist for Latin America and the Caribbean at the World Bank, William Maloney, said the country’s economic framework has done well to encourage resilience. “Jamaica has done some superhuman lifting in terms of policy over the last ten years. Jamaica […]
According to the Statistical Institute of Jamaica (STATIN), the country’s economy grew by 2.3 percent during the second quarter of this year. The agency noted that the real value added result for April to June was mainly due to a 2.2 percent increase in output for the services industry. GDP for the goods producing industry was up 2.6 percent compared […]
The Ministry of Health is reporting that the number of presumed, suspected, and confirmed dengue cases has increased to 1,060 – almost doubling the figure released by the ministry last Friday. At that time, the ministry reported 565 presumed, suspected, and confirmed cases. In an update Friday, the ministry said there have been 132 confirmed dengue cases with the Type […]
According to a recent RJRGleaner/Don Anderson poll, 77.1 percent of respondents subscribe to term limits of politicians. A further breakdown of the results of the polls shows that 54.6 percent of those interested in term limits argued that the prime minister should serve no more than two terms. At the same time, 25.8 percent would allow for a third term. […]
Jamaica’s inflation rate for August increased by 1.0 percent in the All-Jamaica Consumer Price Index (CPI), resulting in the index moving to 132.2, up from 130.8 in July. The inflation rate increased to 6.8 percent on an annual basis as at August. The Statistical Institute of Jamaica says the inflation rate was influenced by increases in the cost of the […]
Jamaica is listed among many countries by the United States as a major drug transit or major illicit drug-producing nation. The designation was made by U.S. President Joe Biden in the required report for Fiscal Year 2024. Some of the other countries include Afghanistan, The Bahamas, Belize, Bolivia, Burma, the People’s Republic of China (PRC), Colombia, Costa Rica, the Dominican […]
More than US$100 million in earnings flowed into the coiffeurs of Jamaicans participating in the sharing economy during 2022, specifically the provision of peer-to-peer Airbnb accommodation. This out-turn was generated from expenditures by approximately 500,000 of the 2.6 million tourists making stopover visits to Jamaica, who chose to utilize the lodging option during the period, underlining its growing popularity. The […]
