The Bank of Jamaica (BOJ) says a slowing of the country’s economic growth is expected in the coming months.

BOJ governor Richard Byles notes that while GDP growth for the March 2024 quarter was 1.4%, there are signs that economic growth slowed in the June 2024 quarter.

He is projecting a contraction in the economy for the quarter ending in September.

Meanwhile, Deputy Governor Robert Stennett says the bank has seen weakening in several sectors and is observing these areas.

He adds that the bank is adjusting policy consistent with the signals being seen in the economy, to ensure a smooth move back to sustained economic growth.