Tag: economy

Jamaica

IMF Still Bullish On Jamaica’s Economy

The International Monetary Fund (IMF) is projecting the Jamaican economy will grow by 4.6 percent in 2021. The information is contained in the IMF’s World Economic Outlook released a week ago. Overall, Latin America and the Caribbean are expected to record economic growth of 6.3 percent this year. Yvad Billings, Readers Bureau, Contributor Edited by Jesus Chan Do you want […]

NEWS

Guyana Ratchets Up Economic Growth

The Guyana economy grew by 14.5 percent during the first six months of this year. This is according to the mid-year report released by the country’s Ministry of Finance. Senior Minister of Finance Dr. Ashni Singh is expected to table the report at the first sitting of the National Assembly when legislators return from their annual recess. Earlier this year, […]

POLITICS

Republican Senate Minority Leader Mitch McConnell Continues To Give Trump Headache

Former President Donald Trump has again criticized Senate Minority Leader Mitch McConnell for announcing a temporary solution to delay a default on the national debt. “Looks like Mitch McConnell is folding to the Democrats, again,” Trump reportedly said in a statement through his leadership PAC, Save America. “He’s got all of the cards with the debt ceiling, it’s time to […]

Jamaica

Great Economic Potential Between CARICOM And Africa – PM

Prime Minister, the Most Hon. Andrew Holness, has highlighted the need for the strengthening of engagement between CARICOM and the African continent, noting that “great economic potential” exists between the regions. The Prime Minister, who was addressing the inaugural CARICOM-African Summit, held virtually on Tuesday (September 7), noted that the African Continental Free Trade Agreement (AFCFTA) serves as an enabling […]

BUSINESS

U.S. Economy Shows Jobs Decline In August

The U.S., economy added fewer jobs than expected in August as employment rose by 235,000 much less than anticipated pundits. It shows a dramatic decrease from that of the 1.05 million jobs created in July. The report suggests that the recovery from the pandemic may be on a downturn. That said, the unemployment rate fell to 5.2% in August from […]

Jamaica

Jamaica — 12.9 Percent Growth In Economy For April To June Quarter

The Planning Institute of Jamaica (PIOJ) is estimating the economy grew by 12.9 percent in the April to June quarter compared to the corresponding period last year. PIOJ Director General Dr. Wayne Henry on Thursday reported that growth was spurred by increased demand for Jamaican goods and services due to the relaxation of COVID-19 containment measures and the start of […]

BUSINESS

China’s Economy Shows Sign Of Slowing Down

Following the sharp rebound from the coronavirus pandemic by the Chinese economy it has now slowed, according to press reports. Gross domestic product (GDP) increased by 7.9% in the second quarter of 2021 compared to the same time last year. However, this was a reduction in quarter over quarter and missed economists’ forecasts of 8.1% growth. In April, official figures […]

Jamaica

Jamaica’s Economy Takes A Big Hit

According to the Planning Institute of Jamaica (PIOJ), the Jamaican economy contracted by 5.7% in the January to March quarter compared with the corresponding period in 2020.  PIOJ Director General Dr. Wayne Henry says this out-turn continues to reflect the impact of the global pandemic. However, there has been a gradual tempering of the rate of contraction as indicated by […]

BUSINESS

U.S. Economy Bounces Back

The US economy continued to recover in the first three months of the year as businesses reopened and the government spent heavily on COVID-19 relief for citizens. The economy grew at an annualized rate of 6.4% in the quarter, up from 4.3% in the final three months of 2020. The US economy is rebounding faster than expected after contracting sharply […]

BUSINESS

The U.S. Sees Rebound In Employment

As vaccination ramps up and relaxation in the COVID-19 protocol, more businesses have brought back workers resulting in a surge in the employment numbers in the U.S. Employers added 379,000 jobs in February, breaking a two-month streak of minimal gains. The growth was stronger than analysts had expected, but the activity did not significantly dent the jobless rate. It dipped […]