Advertisement

World Bank maintains 2% growth outlook for Jamaica

The World Bank has maintained its economic growth outlook for Jamaica this year.
 
In its latest Global Economic Prospects report, the agency has kept the projected gross domestic product (GDP) growth at 2 per cent.
 
This was the same level as the forecast in January.
 
The World Bank has, however, increased its expectation of Jamaica's growth in 2025.
 
The Global Economic Prospects see local GDP growth of 1.6 per cent next year.
 
That's a 0.2 per cent upward adjustment, compared to the January outlook.
 
The World Bank says subdued private sector consumption will affect growth.


comments powered by Disqus
Most Popular
Male teacher at Immaculate Conception High...
Veteran journalist Barbara Gayle found...
Private sector groups call for banks to...