August 19, 2026
Jamaica is not in a recession, and a recession is not likely for the rest of 2026 – PIOJ
Written byShanice Gibbs
“Jamaica is not in a recession, and a recession is not likely for the rest of 2026”.
The Planning Institute of Jamaica (PIOJ) gave the confirmation after again being questioned by reporters about contractions in the economy during a quarterly press briefing yesterday.
Principal Director of the Economic Planning and Research Division, James Stewart, explained that the January to March quarter would have had to experience a decline in the economy for a recession to be declared.
He explained further that the quarter recorded a 3.3 per cent growth.
This is despite PIOJ’s initial projections in March that the January to March quarter would see a contraction in output within the range of four to six per cent.
