With a per capita gross domestic product of $8,300 in 2016 and average GDP growth of 4.2% over the last decade, Guyana is one of the fastest developing countries in the Western Hemisphere. The country is expected to see an overall economic growth of 5.1 percent for this year, with further growth over the next two years. The World Bank, […]
Japan’s economy sees its fastest rate decline in five years at the end of 2019. The country has been hit by a sales tax rise, a major typhoon, weak global demand, and the threatening coronavirus plaguing that part of the world. Annualized gross domestic product (GDP) showed a greater decline than anticipated, a 6.3% in October-December. Analysts are also speculating […]
One of America’s biggest rating agencies, Fitch Ratings Inc. has affirmed the Government’s Long-Term Foreign-Currency Issuer and Local-Currency Issuer Default Rating at ‘B+’ and revised the outlook from stable to positive. Fitch indicated that the revised outlook reflected Jamaica’s efforts in maintaining the debt-to-GDP on a downward trajectory and large primary surpluses. In explaining the affirmation of the “B+” ratings, […]
Jamaica has welcomed approximately two million visitors for the first half of 2019, earning US$2 billion in revenues. Last year, the country had record arrivals of 4.32 million visitors with earnings of US$3.3 billion. The figures were highlighted by Senator Pearnel Charles Jr. while opening the debate on the Tourism Workers Pension Act 2019 in the Senate recently. The bill […]
Jamaica’s Debt-to-Gross Domestic Product (GDP) ratio will fall to 96 percent at the end of the 2018/19 financial year on March 31. Speaking at the opening of the 2019/20 Budget Debate in the House of Representatives recently, Minister of Finance and the Public Service, Dr. Nigel Clarke, noted that the figure represents “the lowest level of debt in nearly two […]
Japan’s economy has expanded for seven quarters in a row in the longest period of growth in more than a decade. Data showed gross domestic product (GDP) grew at an annualized rate of 1.4 percent between July and September. The solid quarterly result comes after more than four years of economic stimulus by Prime Minister Shinzo Abe. Mr. Abe’s economic […]
The U.S. economy has shown an annual growth of three percent during the three months to the end of September, thus beating expectation. The growth extended the robust activity reported in the previous quarter when U.S. GDP grew at an annual pace of 3.1 percent. Analysts anticipated a serious setback in performance after a series of hurricanes took its toll […]
Jamaica has received glowing tribute from Constant Lonkeng Ngouana, resident representative of the International Monetary Fund for its sustained economic growth and its hard-won macroeconomic stability. Lonkeng noted that “the world is looking at Jamaica,” and posited the view that “Jamaica is on the right trajectory.” He made his remarks while addressing the topic of moving from macroeconomic stabilty to […]
