The Statistical Institute of Jamaica (STATIN) is reporting third-quarter calendar year growth of 5.8 percent for July to September, compared to the corresponding period in 2020. In a statement on Friday (December 31), STATIN said the outturn was attributable to growth in the services and goods-producing industries, up 7.1 and 2.4 percent respectively. The Institute noted that growth in the […]
U.S. employers hired only 210,000 more workers in November, missing economists’ predictions for stronger growth. Forecasters had been expecting U.S. non-farm payrolls to increase by 550,000. The U.S. Bureau of Labor Statistics said there had been a decline in employment in the retail sector. But on the upside, it said there had been a rise in hiring across areas such […]
IMF expects global economic growth to fall below the previous forecast of 6%. The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of six percent. IMF chief Kristalina Georgieva cited risks associated with debt, inflation, and divergent economic trends in the wake of the COVID-19 pandemic. Ms. Georgieva said the global economy […]
The Grenada government led by Prime Minister Dr. Keith Mitchell has announced EC$36 million economic stimulus package for its population. The package is expected to benefit close to 9,000 nationals directly as well as 10,000 indirectly. The Prime Minister said in a press report that the government is in the advanced stages of preparation for the implementation of the package. […]
Jamaica’s Prime Minister Andrew Holness says the Government is on the right track to position the country for significant future growth. “I’m very proud of the fact that Jamaica has resolved [issues related to the] financial/fiscal management of its economic affairs. I believe we are on a very good course, having gone through several International Monetary Fund (IMF) programs, to […]
The International Monetary Fund (IMF) has said growth in the Caribbean and Latin America is slowing down and that the region is expected to record a 0.2 percent growth this year. The Washington-based financial institution has attributed the low growth to continued trade tensions, slower global growth, subdued commodity prices, and in some large regional economies, high policy uncertainty. In […]
