Finance Minister Dr Nigel Clarke
Data from the Statistical Institute of Jamaica indicate that the country is on track for returning to pre-COVID-19 levels of economic output by 2023.
In that regard, Minister of Finance Dr. Nigel Clarke has asserted that this will place Jamaica far ahead of its counterparts in the rest of the Caribbean.
STATIN reported that the economy grew by 4.8 per cent during the April to June 2022 quarter, relative to the corresponding period last year.
Dr Clarke while addressing a function on Thursday, noted that ratings agency Standard & Poor's on Wednesday affirmed Jamaica's 'B+' rating, while maintaining its 'Stable' outlook for the economy.
He said gross domestic product data from STATIN show that the economy is performing better than projected.
This was attributed to a 7.2 per cent increase in the Services Industry, despite the Goods Producing Industry contracting by two percentage points.
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