Jamaica

Jamaica Recovering Steadily Says PM

Prime Minister, the Most Hon. Andrew Holness, says Jamaica is recovering steadily from the economic fallout sparked by the coronavirus (COVID-19) pandemic, based on the out-turns of several key indicators.

Notable, he says, is growth of 14.2 percent and 5.8 percent in the April to June and July to September 2021 quarters, respectively, following an 18.4 percent economic contraction in the April to June 2020 period.

The Prime Minister was delivering the keynote address at Tuesday’s (January 25) opening ceremony for the Jamaica Stock Exchange (JSE) 17th semi-virtual Regional Investments and Capital Markets Conference, being held at The Jamaica Pegasus hotel in New Kingston.

“By the end of September 2021, economic value-added was approximately six per cent below pre-pandemic levels. For the [fiscal] year ending March 2022, growth is projected to be in the seven to 10 per cent range. Now, that’s amazing, given the falloffs we had experienced,” he said.

Read more at — JIS

Readers Bureau

Edited by Jesus Chan

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