Tag: economic

Jamaica

7-9 Percent Growth Projected For Jamaica’s Economy

The Planning Institute of Jamaica (PIOJ) is projecting that the economy will grow within the range of seven percent to nine percent during the April to June 2021 quarter. Director General of the PIOJ, Dr. Wayne Henry, who made the announcement, said this outlook is based on “the commencement of the recovery process relative to the low output levels recorded […]

BUSINESS

The Invisible Hand Lifts U.S. Inflation Up

The U.S. inflation jumped in April from a year earlier as the economic activities picked up following the uptake in vaccination and tapering of the COVID-19 pandemic. Consumer prices surged 4.2% in the 12 months through to April, up from 2.6% in March and marking the biggest increase since September 2008. The latest report from the U.S. Labor Department comes […]

BUSINESS

China’s Economy Sees Record Growth

China’s economy has shown growth rate of 18.3% in the first quarter of 2021 compared to the same quarter last year. It’s the biggest jump in gross domestic product since China started keeping quarterly records in 1992. However, the figures are below expectations, with a Reuters poll of economists predicting a 19% growth. Reports also suggest the figures are heavily […]

NEWS

Female Labor Market Participation In Latin America Shows Decline

According to a report published by the Economic Commission for Latin America and the Caribbean (ECLAC) titled “Women’s economic autonomy in sustainable and equal recovery,” the COVID-19 pandemic has caused a setback of more than a decade in women’s labor participation levels in Latin America, where the female participation rate fell by 6% in 2020.  Consequently, there is now a […]

Jamaica

Finance Minister Sets Economic Priorities For Jamaica

Minister of Finance and the Public Service, Dr. Nigel Clarke, posited that Jamaica has a clear path towards economic recovery following the fallout caused by the coronavirus (COVID-19) pandemic. He said that this will require the Government to focus on specific priorities. “Our priorities are going to centre around [but not] limited to, economic recovery, maintaining a healthy population, protecting […]

NEWS

World Bank Reveals Surge In Economic Inclusion Programs

The World Bank’s State of Economic Inclusion 2021 Report has revealed that economic inclusion programs are on the rise in 75 countries around the world, reaching approximately 20 million poor and vulnerable households, and benefiting nearly 92 million individuals. This surge according to the report comes at a crucial time as more than 700 million people around the world face extreme […]

BUSINESS

Nobel Laureate Paul Krugman Predicts A Swift, Sustained Economic Recovery Once Vaccines Are Rolled Out

Nobel laureate Paul Krugman predicts the US economy will enjoy a strong, sustained recovery once the pandemic threat recedes. Krugman, who won the Nobel Prize for economics in 2008, warned in a recent New York Times column that the next few months “will be hell in terms of politics, epidemiology, and economics.” However, he expects the economic rebound to be “much faster […]

Jamaica

Jamaica Maintains Strong Standard and Poor’s Global Ratings

Standard and poor’s Global Ratings has affirmed the Government of Jamaica’s Long-Term Foreign and Local-Currency Issuer Default Rating (IDR) at ‘B+’ with the outlook remaining negative. The agency considered the country’s economic and financial realities arising from the COVID-19 pandemic and the actions undertaken by the Government of Jamaica (GOJ) to mitigate the economic vagaries. The onset of the pandemic […]

BUSINESS

U.S. Jobs Fall Lower Than Expected

The U.S. added fewer jobs than expected in September in a sign that America’s rebound from the economic collapse triggered by the coronavirus pandemic is slowing. Employers added 661,000 jobs against the more than 800,000 expected. The jobless rate fell to 7.9 per cent, dropping for a fifth month, but the minority workers hit hardest saw minor change. The gains […]

BUSINESS

Economist — Five Years At Least For Global Economic Recovery

Carmen Reinhart, World Bank Chief Economist, has said the global economic recovery from the recession created by the COVID-19 pandemic will probably take at least five years. The economist, however, underscored the point that there will be rebounds. However, she said the real recovery will have direct bearing on how long the average person rebounds in terms of their income. […]