Jamaica's economy is projected to see slower growth in 2025.
The latest Global Economic Prospects Report by the World Bank, shows that the country's GDP increased by 1.4 per cent.
That's lower than the forecast growth for 2024 which is two per cent.
The outlook however reflects an improvement was held against last year's 2025 projection, with GDP output, then programmed at 1.2 per cent.
The Caribbean and Latin America Region has however seen a marginal drop in the real value added outlook, coming in at 2.5 per cent for next year.
The projection last year was for 2.6 per cent growth in 2025.
The global economy is set for 2.7 per cent growth next year, revised down by three percentage points.
The forecast for advanced economies is for 1.6 per cent, versus the projection made last year for a 2.2 per cent increase in output.
The outlook for emerging markets and developing economies for 2025 remains at four per cent.
The World Bank says inflation and geopolitical tensions are the main headwinds facing most economies.
All feeds
