The Organization for Economic Cooperation and Development (OECD) has warned that risks to the global outlook have increased. The OECD in a new report said prospects have steadily deteriorated. It now expects economic activity around the world to expand by 2.9 percent next year, a decline of 0.1 percentage points from a previous forecast issued in September. Growth was likely […]
As the International Monetary Fund (IMF) prepares to exit its program with Jamaica, the organization has pointed to a weaker growth outlook than projected at the start of the program for the country. Dr. Uma Ramakrishnan, former head of the IMF team for Jamaica, stated recently in an interview that although growth supported by mining, construction, and agriculture industries has […]
