Bank of Jamaica Governor Richard Byles has observed that the challenge for the Jamaican economy now is to move from stability to growth.
Mr Byles, speaking at the recent Caribbean macro-economic conference, said the country weathered the shocks of the Covid -19 pandemic and Russia/ Ukraine war quite well but it is now time to transition to growth.
The current projection is for annual average rates of real GDP growth of
one per cent per annum during the four-year period 2025/ 2026 to 2028 2029, after the economy declined during the third and fourth quarters of the last calendar year.
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